Imports in Egypt

Egypt Imports | Economic News & Forecasts

Egypt - Imports

Economic growth likely slowed for the second consecutive quarter in Q2 FY 2020, which ran from October to December, as suggested by a decrease in the quarter’s non-oil private sector PMI reading compared to the previous quarter. Weak demand hampered non-oil private sector activity, contributing to falling employment in November and December. Moreover, merchandise export growth was downbeat in October–November, while imports tumbled, suggesting domestic demand was weak in Q2. Turning to Q3, the non-oil private sector PMI dropped to the lowest level in over two-and-a-half years in January, mainly due to fewer export orders. On a brighter note, international reserves, which have been climbing since Egypt began the three-year IMF program in 2016, rose to USD 45.5 billion in January.

Egypt - Imports Data

2014   2015   2016   2017   2018  
Imports (USD billion)60.2  61.3  57.4  59.0  63.1  

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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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Economic News

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    February 20, 2020

    At its monetary policy meeting on 20 February, the Central Bank of Egypt (CBE) left all interest rates unchanged for the second consecutive meeting.

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  • Egypt: Inflation accelerates slightly in January

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    Consumer prices increased 0.7% in January from the previous month due to higher food and beverage prices, contrasting the 0.2% month-on-month decrease in December, according to a monthly inflation note released on 15 February.

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  • Egypt: Non-oil private sector PMI plunges in January

    February 5, 2020

    Egypt’s Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, dropped to 46.0 in January from 48.2 in December, indicating a worse deterioration in business conditions in the sector over the previous month and the lowest reading in over two and a half years. Contributing to the downturn in January was the fastest contraction in output among Egyptian businesses in three years, which was largely due to a sharp fall in new orders, partly due to softer export demand for the fourth consecutive month.

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  • Egypt: Central Bank leaves interest rates unchanged in January

    January 16, 2020

    The Central Bank of Egypt (CBE) held interest rates steady at its monetary policy meeting on 16 January, leaving the overnight deposit rate at 12.25%.

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  • Egypt: Inflation jumps in December

    January 9, 2020

    Consumer prices decreased 0.2% in December in month-on-month terms, after decreasing 0.3% in November.

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