CAPMAS unveils 12.3% surge in Egypt’s exports to U.S.

Egypt’s state-run Central Agency for Public Mobilization and Statistics (CAPMAS) has announced the increase in value of Egyptian exports to the U.S. reached 10.6 billion pounds in 2016, 4.7 percent of Egypt’s worldwide exports, compared to 9.4 billion pounds in 2015, marking a 12.3 percent increase.

A bulletin on the economic ties between Egypt and the US by CAPMAS, published on Sunday, tackled the external trade volume with U.S. as well as US investments, number of tourists and number of nights they spent in 2015 and 2016. It showed that ready-made clothes exports came in first place by 56.1 percent out of the total exports, reaching 5.9 billion pounds in 2016, compared to 5.7 billion pounds in 2015, marking a 4.1 percent increase.

The amount of Egyptian imports from the U.S. reached 36.5 billion pounds in 2016, representing 5.5 percent of Egypt’s imports from all countries, compared to 33.5 billion pounds, marking a 8.9 percent increase.

U.S. investments in establishing companies, according to CAPMAS, reached 27 million pounds in 2016, compared to 13.2 million pounds in 2015, marking a 104.9 percent increase.

Total number of tourists coming from the U.S. reached 184,300 tourists in 2016,compared to 188,700 in 2015, which is a decline of 2.3 percent. Number of nights spent by tourists in Egypt reached 1.3 million nights in 2016, down from 1.5 million nights in 2015, which is a 18.7 percent decrease.

Source: MENA