Free Zones exports hit dlrs 2.170 bn in three months

12 Feb 2019

Cairo: The Central Bank of Egypt (CBE) announced Monday that exports of the Free Zones reached dlrs 2.170 billion during the first quarter of fiscal year 2018/2019, compared with dlrs 1.572 billion during the same period last year, recording an increase of 38 percent.

Exports of commodities reached dlrs 6.785 billion compared with dlrs 5.839 billion during the same quarter of the previous fiscal year, recording an increase of 16.2 percent, according to a CBE statement

Foreign dealings of the Free Zones recorded a quarterly surplus of dlrs 971 million during the first quarter of the fiscal year compared with a deficit of dlrs 173 million of the same quarter of the previous fiscal year.

Fuel and mineral oils exports reached dlrs 2.888 billion (including dlrs 1.305 of crude petroleum and dlrs 1.504 billion of petroleum products), added the statement.

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