Egyptian exports of fresh fruit surge to $1.268B in initial 5 months of 2024

During the initial five months of 2024, Egypt's fresh fruit exports surged to $1.268 billion, marking a significant rise from the $1.106 billion recorded in the same period of 2023, reflecting a $161.3 million increase as per data unveiled by the Central Agency for Public Mobilization and Statistics (CAPMAS).

 

In May, the export of fresh fruits amounted to $312.7 million, showcasing growth from $266.4 million in May 2023, indicating an increase of approximately $46.2 million. 

 

May of 2023 witnessed an upsurge in Egyptian exports compared to the preceding year, driven by the escalation in exports of key commodities.

 

 This included a 17.4 percent boost in fresh fruit exports, a 5.5 percent rise in ready-made clothing exports, a substantial 32.2 percent increase in pastries and food preparations exports, and a modest 1.3 percent uptick in carpet exports.

 

Conversely, Egyptian imports saw a decline in May, dropping to $7.38 billion compared to $7.77 billion in May 2023, a decrease of 5.1 percent. 

 

Notably, imports of iron or steel raw materials fell to about $405 million in May, down from $407 million in May 2023, marking a 0.3 percent decrease. 

 

Following this were Egypt's imports of primary-form plastics, which amounted to $304 million in May, down from $313 million in May 2023, representing a 2.9 percent decrease.