Egypt’s Crude oil imports have increased by 135.2% in February 2020, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egypt’s imports of all products have decreased by 29.9%, recording $4.64 billion in February 2020 against $6.62 billion in February 2019. This came as a result of a decrease in the value of some imported commodities. Petroleum products, for example, recorded a decrease of 68.1%.
Exports of some commodities have decreased during the same period compared to 2019’s. Most notably is that of petroleum products by 23%, and crude oil exports which were decreased by 55.1%.