Egypt’s exports drop 20% in August

Egyptian exports, other than petrochemical products, dropped by 19.87 percent to reach LE11,005 billion (US$1,433 billion) in August 2015, compared to LE12,687 billion ($1,774 billion) during the same month in 2014, a government report has revealed.
In its annual report released, which was released on Wednesday, the General Organization for Export and Import Control said total exports stood at LE95,051 billion ($12,591) by the end of August, a decline of 18.70 percent, from LE109,158 billion (US$15,488 billion) during the same period in 2014.
Meanwhile, the Central Agency for Public Mobilization and Statistics said Egypt’s imports soared by 15.3 percent in June 2015, to a total of LE40,7 billion. This is an increase from LE35,5 billion during the same month in 2014, according to CAPMAS.
Edited translation from Al-Masry Al-Youm

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