Cairo – Mubasher: The value of Egypt’s imports from the US reached EGP 33.5 billion in 2015, down 11.3% from EGP 37.8 billion in 2014, the Central Agency for Public Mobilisation and Statistics (CAPMAS) said in a statement on Wednesday.
Egypt has taken several measures in an attempt to reduce imports amid a sharp decline in its foreign reserves and the devaluation of the Egyptian pound against the dollar.
Meanwhile, total Egyptian imports from across the globe reached EGP 568.9 billion in 2015, up 8.7% from EGP 523.4 billion recorded in 2014.
Grains topped the list of imported US products with a value of EGP 2.5 billion in 2015 down 56.7% from EGP 5.8 billion the year before, CAPMAS revealed in its statement.
On the other hand, total Egyptian exports to world countries declined 16.4% year-on-year to EGP 163.3 billion in 2015 from EGP 195.3 billion in 2014.
Ready-made clothes topped the list of Egyptian exports with EGP 5.1 billion in 2015, down 6.4% from EGP 5.4 billion the year before.
CAPMAS further revealed that US investments in Egypt plunged 85.9% in 2015 to EGP 13.2 million, from EGP 93.7 million in 2014.
