Egypt’s petroleum exports increased by around 5% to record $1.848 billion during the first nine months of 2018, compared to $1.761 billion in the same period of 2017, Arab Finance reported.

Official figures published by the Central Agency for Public Mobilization and Statistics (CAPMAS) show that the value of Egypt’s crude oil exports reached $1.553 billion between January and September 2018, a 2% increase from $1.521 billion in the same period a year earlier.

Exports of petroleum products increased by 8% reaching $295 million in 2018, compared to $240 million in the first nine months of 2017.

Egypt imported $4.986 billion worth of petroleum in the first nine months of 2018, a 3% increase from $3.834 billion in the same period of 2017.

The country’s crude oil imports totaled $2.866 billion, a 141% increase from the $1.187 billion of crude imported in the first nine months of 2017.

Meanwhile, Egypt’s imports of petroleum products decreased by around 20% to $2.12 billion during the period from January to September 2018, compared to $2.647 billion in 2017.