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Egyptian exports up by 40% in first 9 months of 2021 | CAPMAS

Egyptian imports saw a 16% increase in the same period, climbing to $61 billion

By: Business Today Egypt

Mon, Nov. 29, 2021

Egyptian exports jumped by 40% in the first 9 months of 2021, recording $29.7 billion in the January-September months of 2021, compared to $21.2 billion in 9M of 2020.

According to the Central Agency for Public Mobilization and Statistics (CAPMAS), fuel and mineral oils topped the list of Egyptian exports in the first 9 months of 2021, hitting $8.3 billion compared to $4.2 billion in the same nine months in 2020.

Egyptian imports saw a 16% increase in the same period, climbing to $61 billion from $52.2 billion in 2020’s first 9 months.

The country’s trade deficit decreased by 17.7% in August 2021, recording $2.91 billion compared to August 2020’s $3.53 billion, CAPMAS said earlier this month.

The top international trade blocs receiving Egyptian exports were G20 countries with $141.1 billion, followed by EU states with exports hitting $9.6 billion.

Egypt’s Suez Canal recorded its highest monthly tonnage in its history with 112.1 million tons passing through the canal in October 2021, while trade between Egypt and the G20 countries increased by 19.4% to hit $36 billion in the first half of 2021 (1H 2021).

Arab states came in third place with total exports recording $7.8 billion, while the G7 countries ranked fourth with a total trade value of $6.3 billion, the official statistics agency added.

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African Union countries ranked fifth with exports of $4 billion, followed by COMESA countries recording $2.2 billion in exports.

The Nile Basin’s countries were at the bottom with exports valued at $1.1 billion.