Egypt’s exports to US down 15.5% YoY in 2023

Amr Abdallah Dalsh

The North African country’s exports to the US accounted for 4.6% of total Egyptian exports to the world

Staff Writer, Arab Finance

June 10, 2024

PHOTO

Egypt’s exports to the US dropped 15.5% year on year (YoY) in 2023 to $1.9 billion, compared to $2.3 billion, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced.

The North African country’s exports to the US accounted for 4.6% of total Egyptian exports to the world.

Egyptian exports of ready-made garments made up the lion’s share with 53.1% of total exports to the US, reaching $1 billion last year, marking a 21.7% YoY decrease from $1.3 billion.

Meanwhile, Egypt’s imports from the US went down 22.7% YoY in 2023 to $5.4 billion from $6.9 billion, representing 6.4% of the country’s total imports worldwide.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.