New initiative to replace old cars used in Egypt's public transport system: Al-Sisi    Education Secretary wants US schools open, offers no safety plan    Egypt to launch EGP 2bn insurance fund to stimulate consumption    Turning Hagia Sophia back to mosque evokes 'grief, dismay': World Council of Churches    Egypt's Mostaqbal Watan Party to field candidates for all available Senate seats    Egypt to finish implementing 250K social housing units in 3 years: Maait    Lebanon's top Christian cleric seen to criticise Hezbollah, allies over crisis    Egypt receives international requests to restart tourism in Luxor    Unjustified population growth exhausts development efforts: Shaarawy    China's Huawei requests UK's Johnson to delay 5G network removal – The Times    COVID-19 promotes public, private, civil society cooperation: Al-Mashat    Egypt reports 923 new coronavirus cases, 67 deaths on Saturday    Poland voters cast ballots in presidential run-off    FDA authorizes marketing of Philip Morris's IQOS towards a smoke-free future    Barcelona's Griezmann injured, likely to miss title run-in    Yemen's Houthis agree to give UN access to abandoned tanker: Sources    Tennis: World TeamTennis to kick off season with safety measures in place    3 killed, 74 injured in two-day Mali protests    Abu Dhabi fund suspends debt service repayments for countries, companies    Saudi STC extends Vodafone Egypt stake purchase for second time    Live score: Aston Villa v Crystal Palace (English Premier League)    Islamic Development Bank working on 57 projects worth $3.8bn in Egypt    Egypt's Sisi directs outlining comprehensive vision for developing mining industry    Brazilian match called off after 14 players test positive for COVID-19    China raises flood alert to second highest level    Indian film star Amitabh Bachchan, son in stable condition: Health officials    Egypt records 125 COVID-19 fatalities among doctors    Egypt records 923 new coronavirus cases, 67 deaths    9th day of Ethiopia dam talks conclude with no deal in sight    Indian movie star Amitabh Bachchan and his son test positive for COVID-19    Earliest Pyramid Texts on view at lesser-known Saqqara pyramids    Egyptian film ‘Photocopy' to open South Korea's 2020 Arab Film Festival    Candidates start registration for Egypt Senate elections on Saturday    Turkey turns iconic Istanbul museum,Hagia Sophia, into mosque    U.S.-China relationship is ‘severely damaged,' phase II trade deal not a priority: Trump    Egypt rejects Ethiopian proposal to defer decision on GERD disagreements until accord is signed    Republished: Mahmoud Reda - A pioneer of folk dance    On 5th anniversary of his death, DNE celebrates the life and career of Omar Sharif    No agreement so far on GERD technical, legal points: Egypt    Egypt's Mohamed Salah double keeps Liverpool on track for points record    Farwell to 74-year old Egyptian military production minister El-Assar    U.S. President Trump slams Washington Redskins as team re-evaluates name    Egypt reopens 5 museums, 8 archaeological sites and operates 171 international, domestic flights    Egypt's Zamalek to continue training Thursday, but domestic league participation unclear    Federation of Egyptian Banks denies funding GERD: eletreby    Egypt to host World Handball Championship on time despite COVID-19: EHF President    Egypt's parliament Oks amendments to House law amid differences over election    CAF draws timeline for resumed continental championships amid COVID-19    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Non-oil imports decrease 21.2% between January and April: CAPMAS
Non-oil exports declined 1.8% to $8.707bn between January and April compared to figures for the same period in 2019
Published in Daily News Egypt on 04 - 06 - 2020

Egypt's non-oil imports declined to $18.805bn during the January-April 2020 period, compared to the same period in 2019, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
The latest figures reflect a 21.1% decrease on the $23.864bn reported for non-oil imports during the same period in 2019.
In a statement on Thursday, CAPMAS said the value of food imports during the January-April 2020 period amounted to $3.715bn. This reflects a 22.6% decrease on the $4.802bn reported for the same period in 2019.
The agency said that China, one of the most important importers of Egyptian goods, recorded imports amounting to $3.080bn against the $4.126m reported in the same period last year. This was followed by the US, that recorded imports amounting to $1.373bn against $1.869m. Germany came in third, with imports amounting to $1.182bn compared to the $1.422bn in the same period of last year. followed by Brazil, with imports from Egypt amounting to $445m against $876m in the same period last year. Italy reported imports amounting to $783m compared to $1.093m, while Turkey came in last with imports of $999m, falling from $1.006m.
The agency noted that the value of Egypt's non-oil exports amounted to $8.707bn during the period from January to April 2020, compared to $8.867m during the same period in 2019. The latest figures reflect a decrease of 1.8% on those reported in the same period last year.
This decrease is due to the decrease in exports of raw materials, which amounted to $948m in the period from January to April 2020 against $961m in the same period in 2019. More raw materials were directed to local manufacturing instead of exporting them for a weak fee. This lead to an increase in local production and covering local market needs for Egyptian products, as opposed to encouraging cash reserve draining imports.
Saudi Arabia reported the highest decline in exports from Egypt, recording exports of $513m in the period of January to April 2020, compared to the $583m in the same period in 2019.
It was followed by Jordan, which recorded receiving Egyptian exports of $148m against the $184m reported in January-April 2019. The UK followed in third place, receiving Egyptian exports amounting to $221m against the $290m, then Germany, which amounted to $196m against $228m. Italy received exports of $490m in the January to April 2020 period, against $495m in the same period of 2019.

Clic here to read the story from its source.