The data shows that Egypt’s petroleum product exports totaled approximately $2.417 billion from January to September 2024, up from $1.638 billion during the same period in 2023. This represents an increase of $779.064 million
Egyptian petroleum product exports have surged significantly in the first nine months of 2024 compared to the same period in 2023, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
The data shows that Egypt’s petroleum product exports totaled approximately $2.417 billion from January to September 2024, up from $1.638 billion during the same period in 2023. This represents an increase of $779.064 million.
This rise in petroleum product exports coincides with a decline in crude oil exports over the same period. Crude oil exports amounted to $866.78 million during the first nine months of 2024, compared to $1.861 billion during the same period in 2023, marking a decrease of $994.412 million.
In September 2024, Egypt’s net exports recorded a notable increase, reaching approximately $3.46 billion compared to $3.14 billion in September 2023, reflecting a 10.2% growth. This was driven by higher exports of several key products, particularly petroleum products, which rose to $323 million in September 2024 from $131 million in September 2023, a substantial increase of 146.5%.
Additionally, Egypt’s ready-made garment exports also saw notable growth, rising to $244 million in September 2024, up from $189 million in the same month in 2023, marking an increase of 28.7%.
