Egypt's exports rose by 4.6 per cent year-on-year in May to reach $4.25 billion, supported by a significant uptick in petroleum products and ready-made garments.
The latest monthly bulletin released by the Central Agency for Public Mobilisation and Statistics showed that petroleum product exports rose by 53.5pc, while overseas sales of ready-made garments climbed by 32.8pc.
Egypt saw export growth in pasta and various food preparations, up by 21.7pc, along with raw forms of plastics, which increased by 5.7pc.
Egypt’s latest trade figures come amid currency pressures, inflation, and shifting global demand, with policymakers focusing on boosting exports and curbing non-essential imports to stabilise reserves and improve the balance of payments.
The North African nation’s trade performance reflects broader trends in global commerce as regional economies, including Egypt, work to diversify export markets and enhance manufacturing competitiveness.
Egypt’s trade deficit narrowed to $3.41bn in May, down from $4.15bn in the same month of 2024, according to CAPMAS.
In parallel, imports fell by 6.7pc to $7.66bn, compared to $8.21bn in the previous year, driven by lower purchases across several categories.
While fertiliser exports declined by 48pc, and fresh fruit exports dropped by 4pc, other categories also saw downturns. These included fresh onions, which fell by 3.2pc, and non-crude petroleum oils, which recorded a 48.3pc drop.
On the import side, Egypt reduced its purchases of petroleum products by 34pc, raw materials of iron or steel by 20.3pc, primary plastics by 15.9pc, and iron or steel chemical materials by 18.9pc.
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