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16.8 % increase in value of Egypt's exports in 2017: CAPMAS - Daily News Egypt

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16.8 % increase in value of Egypt’s exports in 2017: CAPMAS

Italy comes in first place with 8.3% of total Egyptian exports, says CAPMAS


The Central Agency for Public Mobilisation and Statistics (CAPMAS) announced that the total value of Egypt’s exports reached $26.29bn in 2017, compared to $22.49bn in 2016, an increase of 16.8%.

The

CAPMAS added in its annual bulletin on foreign trade that the total value of non-petroleum exports reached $22.49bn in 2017, compared to $19.64bn in 2016, an increase of 14.5 %.

On the other hand, the total value of petroleum exports reached $3.80bn in 2017, up from $2.86bn in 2016, an increase of 32.9%.

In terms of the exports’ manufacturing degree, the CAPMAS revealed that the

Egyptian exports during 2017 were concentrated in finished goods, which reached 46.1% of the total Egyptian exports.

“Furthermore, the value of finished goods exports reached $12.12bn during 2017, up from $10.86bn in 2016, an increase of 11.6%,” according to the report.

Meanwhile, the CAPMAS declared that the value of semi-manufactured goods exports was $6.55bn in 2017, up from $5.97 bn in 2016, an increase of 9.6%.

Concerning the most important goods whose export values witnessed an increase in 2017, the report stated that crude oil reached $2.0bn in 2017, compared to $1.77bn in 2016, an increase of 18.1%.

Meanwhile, the value of ready-made clothing and related accessories reached $1.45bn in 2017, against $1.26bn in 2016, an increase of 15.1%.

“The value of fertilisers reached $1.04bn in 2017, compared to $0.723bn in 2016, an increase of 43.8%,” according to the CAPMAS.

The CAPMAS also revealed that the value of plastics and their products reached $860m in 2017, compared to $620m in the previous year, a hike of 38.7%.

According to the report, the value of iron and its products reached $761m in 2017, up from $548m in 2016, a jump of 38.9%.

In the context of the major countries which receive the Egyptian exports, the CAPMAS stated that Italy came in the first place with 8.3% of total exports, noting that exports to Italy increased by about 50% in 2017, recording $2.198bn, up from $1.46bn in 2016.

The report announced that Turkey ranked second in representing 7.3% of total exports, as exports increased by 39.1%, reaching $1.92bn in 2017, versus $1.38bn in 2016.

“Saudi Arabia came in the third place with 5.9% of the total exports, as the value of exports decreased by 12.8% to reach $1.56bn in 2017, down from $1.79bn in 2016,” the CAPMAS showed.

Furthermore, the report said that the USA ranked fourth, representing 5.2% of total exports, noting that the value of exports increased by 23.4%, amounting to $1.37bn in 2017, up from $1.11bn in 2016.

In terms of the economic blocs, the CAPMAS stated that the Arab countries ranked first with 37.3% of the total exports, followed by western European countries with 26.3%, then east European countries with 13.7%.

Notably, the CAPMAS is the official statistical agency of Egypt that collects, processes, analyses, and disseminates statistical data and conducts census.

Topics: Egypt Exports

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https://dailynewsegypt.com/2018/12/20/16-8-increase-in-value-of-egypts-exports-in-2017-capmas/
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