Egypt’s merchandise exports up 8.7% YoY in January

Reuters Images

Meanwhile, the country’s merchandize imports fell 40% YoY in January to $4.476 billion from $7.520 million, Samir added

Staff Writer, Arab Finance

February 21, 2024

PHOTO

Egypt’s merchandize exports rose by 8.7% year on year (YoY) to $3.12 billion in January, compared to $2.887 billion, Minister of Trade and Industry Ahmed Samir announced.

Meanwhile, the country’s merchandize imports fell 40% YoY in January to $4.476 billion from $7.520 million, Samir added.

The minister noted that these indicators contributed to decreasing the trade balance deficit by 68% YoY in January to $1.464 billion, versus $4.634 billion.

In January, Türkiye topped the list of importers of Egyptian merchandize exports with $292 million, followed by Saudi Arabia and Italy with $263 million and $173 million, respectively.

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.