Capital commodities imports rose 8.2% in 5 months- Egypt’s CAPMAS

Egyptian imports of capital commodities rose by 8.2 percent in January-May 2016 to around 32.9 billion Egyptian pounds (US$3.7 billion) from 30.4 billion pounds a year earlier.

The monthly bulletin of foreign trade data released by state’s Central Agency for Public Mobilization and Statistics (CAPMAS) stated that Egyptian bill of importing capital commodities dropped in May 2016.

The bill recorded 5.1 billion pounds opposed to 6.1 billion pounds in May 2015, making a 17.2 percent decline.

The imports of special purpose motor vehicles hiked by 200 percent during the first five months of 2016 to 778.5 million pounds versus 259.4 million pounds, meanwhile in May 2016, the imports decreased to 58.7 million pounds from 66.4 million pounds.

The bulletin showed that Egypt’s imports of doors, sheets pilling and structures of iron or steel sparks recorded 795.5 million pounds during the first five months of 2016 opposed to 351.2 million at the same period of 2015, registering 126.5 percent increase.

In January-May 2016, imports of engines, generators, and electric motors rose by 21 percent to 2.3 billion pounds versus 1.9 billion pounds at the same period of 2015.

On other side, Egyptian imports of telecommunications and centrals appliances declined by 43.9 percent during the first five months of 2016 recording 1.5 billion pounds compared to 2.6 billion pounds a year earlier.

Additionally, Egypt’s imports of lifts, pulley tackle and self-propelled bulldozers declined during the first five months of 2016 to 1.1 billion pounds versus 1.3 billion pounds at the same period of 2016.