Non-oil and petroleum industries drive increases in both exports and imports of 2022, CAPMAS

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that Egyptian exports rose by 19.4 percent annually to record $52.10 billion in 2022, compared to $43.60 billion in 2021, on Monday.

The statistics agency attributed both increases to non-oil and petroleum items.

Non-oil exports saw a 9 percent year-on-year (YoY) growth, reaching $35.50 billion by the end of 2022, up from $32.60 billion. Similarly, petroleum exports saw a 50.10 percent YoY surge to hit $16.60 billion, compared to $11 billion in the previous year.

The largest leap was a staggering 152.7 percent in natural gas (NatGas) and liquefied natural gas (LNG) exports, soaring to $9.90 billion during January-December 2022, compared to $3.90 billion in 2021.

Other notable exports were ready-made clothing and gold exports climbing by 21.70 percent YoY and 46.80 percent YoY, reaching $2.50 billion and $1.60 billion, respectively.