Egypt transport imports worth millions of USD in one month

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The Egyptian Central Agency for Public Mobilisation and Statistics announced that Egypt imported “buses, microbuses and minibuses” in 2020 worth $31.1 million, double the equivalent amount last year. In May 2019 transport imports were worth $15.5 million. Statement Data, issued by the Central Agency for Public Mobilisation and Statistics (CAPMAS), monitored that the Egyptian import of buses came within the Egyptian import of investment goods.

The imports of investment goods amounted to about $521.8 million last May, compared to $898.5 million in May 2019, with a decline of $3,767. Egyptian imports of buses were the second largest of investment goods. Egypt’s imports of engines, generators, and electric motors were in first place, as imports worth $49.2 million were recorded in May, compared to $61.2 million in the same month of 2019, with a decrease of $12.7 million.

The value of the trade balance deficit amounted to about $2.59 billion last May, compared to $4.05 billion for the same month of the previous year, a decline of 36.2 per cent, as the value of exports amounted to about $1.57 billion in May, compared to $2.73 billion for the same month of the previous year.