Egypt's exports surge by L.E. 4.3 billion

According to a recent report released by the Central Agency for Public Mobilization and Statistics (CAPMAS), the aggregate volume of Egyptian exports to world markets reached L.E. 4.3 billion in January 2004, against L.E. 2.9 billion in January 2003. Egypt's total imports soared up to L.E. 6.5 billion in January 2004, compared to L.E. 5.4 billion in January 2003.

Free zones' exports scored L.E. 1.2 billion in January 2004, against L.E. 535 million in January 2003, while free zones' imports reached L.E. 1.1 billion in January 2004, compared to L.E. 728 million in January 2003.

Moreover, the trade balance deficit declined from L.E. 2.5 billion January 2003, to L.E. 2.2 billion in January 2004, thanks to the increase of exports in the period under study.

Among Egypt's exports that scored an increase were oil products, crude oil, raw cotton, ready-to-wear clothes, rice, oranges, plastics and cotton yarns, the report said.

Egypt's aggregate exports to the Asian countries increased by L.E. 580 million, while those to Eastern Europe rose by L.E.180 million and to Africa by L.E. 53 million, the report said.