This marks an improvement from $3.61 billion in December 2023, driven by strong performance in several key sectors, particularly petroleum products, fresh fruits, ready-made garments, and food preparations
The value of exports saw a significant increase of 21.3%, rising to $4.07 billion in October 2024 from $3.35 billion in October 2023.
The value of exports rose by 10.2%, reaching $3.46 billion in September 2024, compared to $3.14 billion in September 2023.
Despite some positive developments in Egypt's foreign currency inflows, Fitch Solutions has pointed out ongoing challenges to the country's trade deficit, particularly related to declining revenues from the Suez Canal.
Key indicators include a 7.2% decline in export values, totaling $3.45 billion in August 2024 compared to $3.72 billion in the same month last year.
