Exports in Egypt

Egypt Exports (%) | Economic News & Forecasts

Egypt - Exports (percent change)

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 (annual variation in %)-14.7  -15.9  16.2  18.9  10.3  

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Egypt Facts

Value Change Date
Bond Yield13.700.0 %Dec 31
Exchange Rate16.040.0 %Jan 01

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