Egypt’s petroleum exports have gone up by 33.8% in Q1 2021 recording $1.819 billion against $1.359 billion in Q1 2020, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
Per the statement, crude oil exports increased and accounted for $399 million, natural gas exports recorded $564 million, and mazut exports recorded $522 million.
Egypt’s petroleum exports have gained interest from several countries as they accounted for $421 million in Malta, $272 million in India, $226 million in Greece, $201 million in China, and $105 million in Italy.
On the other hand, Egypt’s petroleum imports declined during Q1 2021 by 11.4%, to reach $1.879 billion compared to $2.121 billion in the same period last year. Crude oil imports declined and recorded $643 million compared to $1.32 billion in the same period in 2020. Additionally, petroleum imports from Saudi Arabia fell to $720 million, followed by Kuwait with $290 million, the US with $82 million, Algeria with $12 million, and Iraq with $2 million.