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Egypt’s exports to US shrink 15.5% in 2023: CAPMAS

Egypt’s exports to US shrink 15.5% in 2023: CAPMAS

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Egypt’s exports to US shrink 15.5% in 2023: CAPMAS

by Gazette Staff
June 7, 2024
in Business
Egypt's exports to US shrink 15.5% in 2023: CAPMAS 11 - Egyptian Gazette
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CAIRO – Egyptian exports to the United States reached 1.9 billion dollars in 2023 against 2.3 billion dollars in 2022, marking a decrease of 15.5%, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).

The Egyptian exports to US represent 4.6% of the country’s exports to world countries.

The Egyptian exports of readymade clothes came first and hit 53.1% of the total exports to US.

Meanwhile, Egypt’s imports from US reached 5.4 billion dollars in 2023 and represent 6.4% of the country’s imports to world countries, compared to 6.9 billion dollars in 2022 with a decline of 22.7%.

Key Egyptian imports from US were grains, oil seeds and medical plants.

Tags: CAPMASEgyptExportsUnited States

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