Egypt’s U.S. imports down 6.5% from Jan to Oct – CAPMAS report

Egypt’s imports from the United States dropped by 6.5 percent between January and October 2016, according to the latest bulletin released by the country’s state statistics agency CAPMAS.

Imports registered around 26.8 billion Egyptian pounds ($1.4 billion), down from 28.7 billion pounds recorded during the same comparable period in 2015.

During October, imports rose by 14.8 percent to record 2.7 billion pounds, compared to 2.4 billion pounds in the same month in 2015, the bulletin showed.

Egypt’s grains imports from the United States decreased by 29.8 percent to reach 1.6 billion pounds approximately, from 2.3 billion pounds during the same comparable period in 2015. Imports of machinery, electric appliances, and parts thereof also fell by 19.5 percent to 1.7 billion pounds during January – October 2016 period, compared to 2.1 billion pounds in 2015.

Meanwhile, imports of iron and steel products dropped by 7.7 percent to 3.1 billion pounds, from 3.3 billion pounds in 2015.