Egypt Exports

Exports in Egypt decreased to 2217 USD Million in January of 2014 from 2421.30 USD Million in December of 2013. Exports in Egypt is reported by the Central Agency for Public Mobilization and Statistics. Exports in Egypt averaged 480.37 USD Million from 1957 until 2014, reaching an all time high of 2991.20 USD Million in June of 2008 and a record low of 12.63 USD Million in July of 1959. In Egypt, exports account for about a quarter of GDP. The major exports are oil and other mineral products (32 percent of total exports), chemical products (12 percent), agricultural products, livestock and others fats (11 percent) and textiles (10.5 percent, mainly cotton). Other exports include: base metals (5.5 percent), machinery and electrical appliances (4.5 percent) and foodstuff, beverages and tobacco (4 percent). Major export partners are Italy, Spain, France, Saudi Arabia, India and Turkey. Others include: United States, Brazil and Argentina. This page provides - Egypt Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2217.00 2421.30 2991.20 12.63 2317.20 | 2014/02 1957 - 2014 USD Million Monthly

TO

Egypt Exports
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -3.10 2012-12-31 -2.60 8.70 -8.50 -3.64 2013-12-31 Percent [+]
Balance of Trade -2190.00 2014-01-15 -2630.40 235.50 -4805.13 -2508.47 2014-02-28 USD Million [+]
Current Account -1512.80 2013-11-15 757.00 1538.90 -3140.10 -97.08 2014-03-31 USD Million [+]
Crude Oil Production 533.00 2013-10-15 534.00 930.00 519.00 534.24 2013-11-30 Thousands Barrels per Day [+]
Exports 2217.00 2014-01-15 2421.30 2991.20 12.63 2317.20 2014-02-28 USD Million [+]
External Debt 47017.10 2013-09-30 43233.00 47017.10 26132.50 43876.68 2013-12-31 USD Million [+]
Foreign Direct Investment 2365.90 2013-08-15 2734.70 5572.50 40.70 2369.98 2013-12-31 USD Million [+]
Imports 4408.00 2014-01-15 5051.70 6497.80 33.05 4708.96 2014-02-28 USD Million [+]
Remittances 4108.90 2013-08-15 4720.00 5054.70 655.20 4183.82 2013-12-31 USD Million [+]
Tourist Arrivals 678.00 2013-12-15 673.00 1486.00 57.00 402.62 2014-01-31 Thousand [+]
[+]


Exports | Notes
Exports measure the amount of goods or services that domestic producers provide to foreign consumers by. It is a good that is sent to another country for sale. In the past, export of commercial quantities of goods normally required involvement of the customs authorities in both the country of export and the country of import. More recently, with the advent of small trades over the internet such as through Amazon and e-Bay, exports have largely bypassed the involvement of Customs in many countries due to the low individual values of these trades. Nonetheless, these small exports are still subject to legal restrictions applied by the country of export.


RELATED NEWS

Egyptian Inflation Rate Unchanged in March  
The annual consumer prices increased 9.82 percent in March of 2014, almost unchanged from 9.76 percent in the previous month. A year earlier, the inflation rate was recorded at 7.59 percent.
Egypt Inflation Rate Down to 6-Month Low  
In February of 2014, Egypt’s annual inflation rate decelerated to 9.8 percent from 11.4 percent in January. In November last year, the inflation rate reached its highest in four and a half years and slowed in February for the third straight month.
Central Bank of Egypt Leaves Rates on Hold  
At its February 27th meeting, the Monetary Policy Committee decided to keep the overnight deposit rate at 8.25 percent for the second consecutive month, in an attempt to stimulate the economy while controlling the inflation. The overnight lending rate, and the CBE rate were also maintained at 9.25 percent and 8.75 percent, respectively.
Egypt Inflation Rate Decelerates in January  
In January of 2014, Egyptian annual inflation rate slowed for the second straight month to 11.4 percent from 11.7 percent recorded in December, due to favorable base effect from the previous year. In November of 2013, the inflation rate hit a four-year high of 12.97 percent.
Egypt Monetary Policy Unchanged in January  
At its January 16th meeting, Central Bank of Egypt decided to leave the overnight deposit rate unchanged at 8.25 percent, after last month's cut, aiming to fight persistent downside risks to growth.
Egypt Inflation Rate Slows to 4-Month Low in December  
In December of 2013, Egypt annual inflation rate slowed for the first time in four months to 11.7 percent, driven by lower housing, food and utilities’ prices.
Egypt Inflation Rate Edges Up to 12.97% in November  
In November of 2013, Egypt inflation rate climbed to 12.97 percent, the highest rate in almost five years. On a monthly basis, prices slowed for the second straight month to 0.95 percent.
Central Bank of Egypt Cuts Rates  
At its December 5th meeting, Central Bank of Egypt decided to cut the overnight deposit rate by 50 bps to 8.25 percent. It is the third rate cut his year, citing pronounced downside risks to growth. The discount rate was also cut by 50 basis points to 8.75 percent.
Egypt Inflation Rate Up to 10.4% in October  
In October of 2013, Egyptian annual inflation rate accelerated to 10.44 percent, from 10.15 percent in September, mainly due to higher food prices. Core inflation rate remained steady.
Central Bank of Egypt Leaves Rates On Hold  
The Monetary Policy Committee of the Central Bank of Egypt decided on October 31st to leave the overnight deposit rate unchanged at 8.75 percent, after cutting it by 50 bps in the previous two meetings.
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