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CairoScene
2 days ago
- Business
- CairoScene
Egyptian Exports Rise 20% to USD 4.1 Billion in April
Egypt's trade deficit narrowed by 9.5% in April 2025 as exports surged to EGP 47.1 billion, driven by fertilisers, petroleum products, textiles and plastics, while imports declined to EGP 72 billion. Jul 11, 2025 Egypt's trade deficit shrank by 9.5% year-on-year in April 2025, reaching EGP 24.9 billion, according to new data from the Central Agency for Public Mobilisation and Statistics (CAPMAS). The drop came as exports increased and imports declined. Exports climbed 19.6% to EGP 47.1 billion, up from EGP 39.3 billion in April 2024. The main contributors were fertilisers (up 40.5%), petroleum products (up 73.8%), ready-made garments (up 11.6%), and plastics (up 40.5%). Imports, meanwhile, fell 4.4% year-on-year, totalling EGP 72 billion, down from EGP 75.3 billion. The largest declines were recorded in petroleum products (down 39.3%), soybeans (down 10.4%), and wheat (down 20.2%). The figures highlight Egypt's shifting trade balance as it works to reduce dependency on imports and expand its industrial and export base.
CairoScene
04-07-2025
- Business
- CairoScene
Strawberry Exports From Egypt Reach USD 74 Million In Q1 2025
Egypt's strawberry exports hit USD 74.4 million in Q1 2025, up from USD 65.3 million last year, as the country expands into Brazil and sets a 1,500-ton record in Malaysia this marketing year. Jul 04, 2025 Egypt's strawberry exports reached USD 74.4 million in the first quarter of 2025, marking an increase of over USD 9 million compared to the same period in 2024. The total stood at USD 65.3 million during Q1 last year, according to the Central Agency for Public Mobilisation and Statistics. Strawberries were among the most prominent agricultural goods exported by Egypt, contributing to the country's overall Q1 agricultural export value of around USD 1.27 billion. That figure was slightly down from USD 1.3 billion in the first quarter of 2024. This growth in strawberry exports follows a strong year for Egypt in international markets. The country recently announced plans to export strawberry seedlings to Brazil and set a new record in Malaysia, with exports reaching 1,500 tons during this marketing year. Egypt's total national exports also grew sharply in March, recording USD 4.6 billion compared to USD 3.8 billion in March 2024, reflecting a rise of nearly USD 793 million year-on-year.
Al-Ahram Weekly
03-07-2025
- Al-Ahram Weekly
‘A loss we all share'
A tragic crash that claimed the lives of 19 people on the Regional Ring Road last week was just one of the many accidents that have been taking place every year on roads around the country. According to the Central Agency for Public Mobilisation and Statistics (CAPMAS), although the number of deaths caused by road accidents slightly improved in 2024, registering 5,200 compared to 5,800 the year before, injuries increased to around 76,000 compared to 71,000 in 2023. In last week's accident, 18 of the victims were working girls aged between 14 and their early 20s, all from the village of Kafr Al-Sanabsa in Menoufiya governorate. They were on their way to pick and package grapes on a farm in the Delta when a speeding truck collided with their microbus. The driver of the microbus also died at the scene. Their funeral was a heart-wrenching affair, for which the whole village came out to pay their respects. Some of the girls were the sole breadwinners for their families, others were working to cover their school tuition, and one was even studying to become an engineer. The causes of the accident included a truck driver driving too fast while under the influence and unsuitable driving conditions because the road, which had been under repair, had been cited in frequent accidents. The calamity prompted condolences at the highest level. Stressing that the accident had pained all Egyptians, Prime Minister Mustafa Madbouli said that 'this is a loss we all share'. Statements by MPs and representatives of the political parties called for an investigation and demanded a report on the road and an end to the maintenance work cited in frequent accidents. President Abdel-Fattah Al-Sisi and Prime Minister Madbouli directed the government to speed up road maintenance and to ensure proper signage in construction areas as well as the immediate removal of road hazards. Madbouli also ordered the separation of private passenger cars and commercial trucks in areas undergoing maintenance. He called for an increase in traffic patrols, speed radars, and surveillance cameras to ensure compliance with traffic regulations. He ordered frequent and unannounced drug testing for all truck drivers. Complaints about road safety come despite an improvement in Egypt's roads. In 2024, Egypt's road network ranked 18th in the world for road quality, according to the Global Road Quality Index (GRQI), a 100-place improvement on its position in 2015. This is attributed to the National Roads Project, which resulted in 6,300 km, out of a targeted 7,000, of new roads being built by the end of 2024. The improvements in road quality have also led to a decrease in the number of deaths from car accidents, recording around 5,800 deaths in 2023, compared to over 8,000 in 2016. According to a 2019 paper titled 'Road Safety Challenges in Egypt: A Discussion of Policy Alternatives' by researcher Yasmine ElMoghazi, 'the country lacks a coherent road safety policy with a clear strategy, defined objectives, and measurable targets.' Among the challenges to safer roads, she said that Egypt does not have enough police officers to enforce road traffic laws, nor does it have a properly automated system to address this shortage. She pointed out that 'the absence of a road safety lead agency with a legal mandate has resulted in the lack of accountability and the disorganisation of government stakeholders.' Her research showed that Egypt's roads are not designed to protect pedestrians, and newly maintained and paved roads have in some cases been damaged only a few months later due to the lack of organisation among government bodies. She recommends establishing a road safety lead agency with a legal mandate to address those challenges. In a press release on Saturday, the National Council for Human Rights said that the accident was not only a result of unsafe transportation, but also a consequence of the absence of policies ensuring decent working conditions for women and girls, particularly in rural areas. It called upon government bodies, employers, and civil society to provide safe and humane working conditions that ensure the physical and psychological well-being of workers as well as secure and suitable transport, particularly for women, who frequently encounter daily hazards while seeking their livelihoods. On a similar note, a policy paper titled 'Participation Starts from the Right to Life: Towards a Safe Environment for Working Women in Egypt' issued by the Peace Capsule Platform, a NGO, and written by researcher Mai Aglan, highlights the relationship between physical safety and safe infrastructure, on the one hand, and women's ability to participate in the economy and society on the other. It shows that the absence of safe and organised means of transportation not only threatens the lives of women but also deprives thousands of girls and women of their rights to work, education, and safe mobility. Aglan called for policy interventions to tackle the underlying factors behind this accident, including the exploitation of minors in unregulated work environments without legal protection, deteriorating infrastructure, and the lack of safe highways used daily to transport labourers, as well as the absence of a social insurance system for wage workers, especially in the informal sector. * A version of this article appears in print in the 3 July, 2025 edition of Al-Ahram Weekly Follow us on: Facebook Instagram Whatsapp Short link:
Daily News Egypt
17-05-2025
- Business
- Daily News Egypt
Arab investments in Egypt surge to $41.5bn in FY 2023/24: CAPMAS
Arab investments in Egypt soared to $41.5bn during the fiscal year 2023/2024, a significant rise from $7.3bn the previous year, according to new data released by the Central Agency for Public Mobilisation and Statistics (CAPMAS). The United Arab Emirates was by far the largest investor, contributing $38.9bn, a figure largely driven by the landmark Ras El Hekma development agreement. Saudi Arabia followed with $775.5m, while Qatar invested $618.5m, Kuwait $547.7m, Bahrain $305.9m, Morocco $151.4m, and Lebanon $51.2m. The announcement came as President Abdel Fattah El-Sisi traveled to Baghdad to attend the 34th Arab Summit, highlighting the importance of regional cooperation in bolstering Egypt's economy. Meanwhile, Egyptian investments in Arab countries declined to $2.1bn in 2023/2024, down from $3bn in the previous fiscal year. The UAE remained the top destination for Egyptian capital, receiving $1.4bn. Kuwait followed with $194.2m, then Saudi Arabia with $190m, Qatar with $171.5m, Bahrain with $66.9m, Tunisia with $23.5m, and Morocco with $16m. Trade relations between Egypt and Arab countries also strengthened. Total trade exchange reached $30.5bn in 2024, up from $26bn in 2023, marking a 16 percent increase. Egyptian exports to Arab nations rose by 18 percent to reach $16.2bn, compared to $13.6bn the year before. Saudi Arabia emerged as the top importer of Egyptian goods with $3.4bn, closely followed by the UAE with $3.3bn. Other key importers included Libya at $2bn, Morocco at $1bn, Algeria at $996m, Sudan at $866.2m, Iraq at $816m, Lebanon at $763m, Jordan at $752m, and Palestine at $461m. Key Egyptian export sectors included precious stones and jewelry, which brought in $2.1bn, along with vegetables and fruits at $1.6bn, electrical machinery and appliances at $1.2bn, and fuel and mineral oils at $894m. Exports of iron and steel totaled $805m, while various food preparations generated $781m, and copper and related products added another $765m. On the import side, Egypt brought in $14.3bn worth of goods from Arab countries in 2024, up from $12.4bn the previous year, reflecting a 14 percent increase. Saudi Arabia was the top exporter to Egypt, with $7.9bn in goods, followed by the UAE at $2.7bn. Kuwait exported $947m worth of products to Egypt, Oman $664m, Bahrain $584m, Sudan $292.4m, Iraq $284m, Jordan $255.8m, and Lebanon $238m. The main imports from the Arab region included fuel and mineral oils valued at $7.5bn. Plastics and related products followed at $1.9bn. Imports of copper and its derivatives totaled $759m, while metal ores reached $581m. Egypt also imported $460m worth of aluminum products, $449m of iron and steel, $313m in various chemical products, and $309m in electrical machinery and appliances. Remittance flows from Egyptians working in Arab countries totaled $13.8bn in 2023/2024, a slight decrease from $14.3bn the year before. Saudi Arabia was the largest source of these remittances, contributing $8bn, followed by Kuwait with $2.1bn, the UAE with $1.8bn, Qatar with $819.5m, and Jordan with $361.2m. In contrast, remittances from Arab nationals working in Egypt dropped to $68.3m in 2023/2024 from $94.5m the previous year. The UAE received the largest share of these outflows at $31.6m, followed by Saudi Arabia with $11.6m, Jordan with $4.6m, Oman with $4m, and Lebanon with $3.5m. These figures highlight the growing depth and complexity of Egypt's economic relationships across the Arab world, underscoring the strategic importance of continued regional cooperation in trade, investment, and labor mobility.
CairoScene
16-05-2025
- Business
- CairoScene
Egypt's Trade Deficit Narrows by 29% as Exports Surge
Egypt's shrinking trade deficit in February 2025 signal a strengthening economy in the face of global market pressures. May 16, 2025 In February 2025, the Central Agency for Public Mobilisation and Statistics (CAPMAS) recorded a 24.1% year-on-year rise in exports from Egypt, with the trade deficit shrinking by 29.1%. The trade deficit narrowed to USD 2.33 billion, down from USD 3.28 billion in February 2024. Total exports reached USD 4.43 billion, up from USD 3.57 billion last year, driven by growth in key sectors. Ready-made garments rose 30.6%, petroleum products 12.2%, food preparations (including pasta) 9.3%, and primary plastics 3.4%. However, some sectors saw declines; fresh fruit exports dropped by 9.9%, fertilizers dropped by 17.2%, potatoes by 5.2%, and iron and steel products - including rods, wires, and corners - fell by 32.3%. Imports declined by 1.4% to USD 6.76 billion, down from USD 6.85 billion the previous year. Notable increases included petroleum products (up 12.6%), natural gas (up 150.6%), corn (up 40.8%), and soybeans (up 12.9%). Conversely, wheat imports fell 13.2%, raw iron or steel dropped 33.7%, pharmaceuticals declined 2.9%, and plastics in primary forms were down 6.8%. The data reflects Egypt's broader strategy to boost exports and rein in imports to ease pressure on foreign currency reserves and bolster economic stability.
