Business

Govt report: Total value of exports LE182.6 bn in 2011, up from 2010

The total value of Egyptian exports was LE182.6 billion in 2011, up from LE154.8 billion in 2010.

The annual bulletin of economic relations between Egypt and the United States issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) in 2011 showed that the US share of Egyptian exports was LE9.5 billion in 2011, nearly the same as LE9.6 billion in 2010.

According to the bulletin, ready-made clothes and linens were first among total exports to the US, representing 44.6 percent of exports in 2011. They made up 48.6 percent of exports in 2010.

The bulletin also reported an increase in the total value of imports to LE370.2 billion in 2011, up from LE300.4 billion in 2010. The US share of those imports was LE37.6 billion in 2011, compared to LE28.1 billion in 2010.

The most imports from the US were of iron and its products, representing 15.8 percent of the 2011 total, compared to 17 percent in 2010.

Egypt’s number of tourists, according to the bulletin, dropped to 184,600 in 2011 from 361,500 tourists in 2010. The number of nights spent by tourists in Egypt also decreased by 35.1 percent, from 4.4 million nights in 2010 to 2.9 million nights in 2011.

Edited translation from MENA

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