Exports in Egypt
Egypt - Exports
Annual economic growth should be decelerating in H2 FY 2022 (January–June 2022), due to the fallout from the war in Ukraine. Goods exports growth slowed in January–February over the previous quarter, while tighter financial conditions will be dampening domestic demand. Meanwhile, pressure on the current account is increasing due to the country’s reliance on food and fuel imports. Further, soaring food prices are denting consumers’ purchasing power and could heighten social tensions. That said, support from Gulf neighbors and buoyant Suez Canal revenue should be providing support. On the heels of Fitch Rating’s affirmation of the country’s ‘B+’ rating, Moody’s followed suit, but downgraded the outlook to negative. It cited mounting downside risks, including a smaller shock absorption capacity amid dwindling reserves.Egypt - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 22.2 | 18.7 | 21.7 | 25.8 | 28.5 |
Egypt Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 13.70 | 0.0 % | Dec 31 |
| Exchange Rate | 16.04 | 0.0 % | Jan 01 |
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Economic News
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Egypt: Inflation comes in at highest level in four years in October
November 10, 2022
Inflation came in at 16.2% in October, which was up from September’s 15.1%, moving further above the upper bound of the Central Bank’s 5.0–9.0% target band—where it has been for the past eight months.
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Egypt: PMI rises to eight-month high in October; conditions still deteriorate sharply
November 3, 2022
The S&P Global Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, inched up to an eight-month high of 47.7 in October, increasing marginally from September’s 47.6.
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Egypt: Central Bank holds emergency meeting and delivers a 200 basis point hike in October
October 27, 2022
On 27 October, the Central Bank of Egypt (CBE) held an out-of-schedule emergency monetary policy meeting.
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Egypt: Inflation comes in at near four-year high in September
October 10, 2022
Inflation came in at 15.1% in September, which was up from August’s 14.6%, moving further above the upper bound of the Central Bank’s 5.0–9.0% target band—where it has been for the past seven months.
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Egypt: PMI is unchanged in September; conditions continue to deteriorate
October 4, 2022
The S&P Global Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, was unchanged at August's six-month high of 47.6 in September.
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