Latest in Tag: imports Highlight
Latest in Tag: imports
Trade exchange figures contribute to 21% decrease in Egyptian trade deficit with France
Egyptian imports from US reach $4693.5m in 2020
Petroleum product imports amounted to $6.383bn during 2020
Country’s exports stood at EGP 22.8bn in 11M of 2020
Egypt’s trade deficit decreased by 28.8% to $2.9bn during October 2020, versus $4.1bn for the same month of previous year, according to a report by the Central Agency for Public Mobilization and Statistics (CAPMAS).
The bulletin reviewed the volume of trade, including exports and imports, with Sudan, Ethiopia, Uganda, Congo, Kenya, Tanzania, Rwanda, Burundi, and Eritrea.
Non-oil exports see slight downturn to total $18.76bn in 2020, against $19.23bn last year
Country’s imports recorded $49.012bn, while exports reached $20.953bn in same period
Imports of medicines and pharmaceuticals recorded a decrease of 12.7%
The agency noted that China, as the foremost supplier of raw materials for pharmaceuticals, was particularly hard hit, alongside other countries in East Asia and Europe.
Companies such as Samsung, Oppo, Xiaomi have already raised their prices to cover added expenses
Non-oil exports declined 1.8% to $8.707bn between January and April compared to figures for the same period in 2019
Gamea said the decision aims to protect Egypt’s production of sugar from global price volatility, after the fall in oil prices and subsequent 30% decline in sugar prices
Egyptian exports fall slightly by 2% in same period
Decision prevents rise in steel imports into the country
Public treasury bears EGP 10bn value of reducing gas, electricity prices for industry activities
The funds are within the $3bn agreement framework between Egypt and ITFC that was signed in January 2018.
The court, headed by Counselor Mounir Abdel Kudous, decided to suspend the decision, and referred it to the State Commissioners Authority, an advisory body within the State Council, for technical review
The deficit value of Egypt’s trade balance reached $4.15bn during March 2019, versus the $3.77bn for the same month of previous year
The report added that the UAE is the largest Arab importer of Egypt’s products in February 2019, with a total export of $177.9m, compared to $202.4m during February 2018, a decrease of 12.10%
Business mission likely to visit Egypt in September, says Indonesian ambassador
Fourteen countries account for 60.62% of Egypt’s foreign trade volume, led by China
Most of commodities benefited from low customs duties of current tariff
“We expect these figures to rise further in 2019”: President of ABCC
Gasoline, diesel, butane account for largest part of imports, imports will be cut in 2019, as several new refining units in Egypt spring into action
Imports worth twice exports: CEIC
Mineral, chemical, agricultural, electrical equipment, base metals’ products, top prevailing imports
Budget deficit to be under 5% of GDP by FY 2020/21
Rationing Egypt’s imports’ decision negatively affected state’s exports, industry, says Shiha
Total fuel imports from January to May 2018 rose to about $5.035bn compared to $4.924bn in the January-May 2017 period, with an increase of nearly $111m. According to the latest statistics of the Central Agency for Public Mobilization and Statistics (CAPMAS), total imports of crude oil amounted to $1.483bn, during the first five months of …