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Egypt’s exports drop 22% YoY in nine months

Ahram Online , Sunday 24 Dec 2023

Egypt’s exports dropped 22 percent year-on-year (YoY) to $30.8 billion during the first nine months of 2023, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.

File Photo: Quay of Port of Alexandria. Al-Ahram
File Photo: Quay of Port of Alexandria. Al-Ahram

 

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Meanwhile, imports declined by 21 percent YoY to $58.5 billion from January to the end of September.

Thus, the Egyptian trade deficit declined by around 20 percent YoY to $27.7 billion in the January-September period.

Egypt’s exports increased by 19.4 percent in 2022 to reach $52.1 billion, up from $43.6 billion in 2021, as shown in previous data by CAPMAS.

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