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Egypt’s 2015 exports fall by 16.4%, imports increase by 8.7%

Egypt’s 2015 exports fall by 16.4%, imports increase by 8.7%

CAIRO: Egypt’s official statistics agency said on Wednesday that the value of the country’s exports declined to 163.3 billion EGP (around $18.3 billion) in 2015, compared to 195.3 billion EGP ($21.99 billion) in 2014, with a 16.4 per cent drop.

The Central Agency for Public Mobilisation and Statistics (CAPMAS) said in a statement that the total value of Egyptian imports reached 568.9 billion EGP ($64 billion) in 2015, compared to 523.4 billion EGP ($58.9 billion) in 2014, marking an increase of 8.7 per cent.

The value of Egypt’s imports from the United States totalled 33.5 billion EGP ($ 3.77 billion) in 2015, compared to 37.8 billion EGP ($ 4.25 billion) in 2014, marking an 11.3 per cent decline, the state-run agency added.