Egypt sees 33.8% increase in petroleum exports value in Q1 2021: CAPMAS

Published on : 2021-06-01

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the value of Egyptian exports of petroleum products increased 33.8% to $1.819bn during the first quarter (Q1) of 2021.

This compared to the $1.359bn recorded in the same quarter of the previous year.

CAPMAS said that the most important petroleum products whose exports increased were: crude oil, which amounted to $399m in Q1 of 2021, compared to $325m Q1 of 2020; followed by natural gas, with exports amounting to $564m compared to $136m; and fuel oil (mazut), whose exports amounted to $522m compared to $209m.

The top countries to which petroleum exports increased were: Malta, amounting to $421m compared to $177m in the same time period; followed by India, amounting to $272m compared to $143m; Greece, which amounted to $226m amounting to $81m; China, where exports amounted to $201m, compared to $126m; and Italy, with $105m compared to $63m.

The agency indicated that the total value of petroleum product imports decreased by 11.4% to $1.879bn during Q1 of 2021, compared to $2.121bn in Q1 of 2020. 

The top petroleum products whose imports decreased included crude oil, reaching $643m in Q1 of 2021, compared to $1320m in Q1 of 2020.

The most important countries from which petroleum imports decreased were: Saudi Arabia, reaching $720m compared to $846m; followed by Kuwait, with $290m compared to $611m; Algeria, with $12m compared to $101m; Iraq, with $2m compared to $122m; and the US, with $82m compared to $95m.

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