Egyptian Industry Ministry Report: EGP 353 bn Imports

The volume of Egypt's imports rose to EGP 353 billion in 2012 with an EGP 53.9 billion rise against the figures of 2010 and EGP 14 billion in 2011, according to industry and foreign trade ministry's report. The report underscored that imports include engineering industries at EGP 108.553 billion, chemicals and fertilizers at EGP 52.81 billion, building materials at EGP 45.544 billion and the foodstuffs industries at EGP 44.329 billion. The trade balance deficit rose to EGP 221, 4 billion in 2012 against LE189, 4 billion in 2010 due to more rise of imports than exports rise, added the report.