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CBE: Egypt's total imports hit $16.05 bn in Q1 of 2017-2018 FY

The Central Bank of Egypt said Egypt's total imports rose by $ 1.3 billion to stand at $16.05 billion in the second quarter of 2017-2018 fiscal year in comparison with $ 14.74 billion in the second quarter of 2016-2017 fiscal year.

This rise is attributed to increasing imports of fuel, mineral oil and their products which stood at $ 3.35 billion, the CBE said in a statement on Wednesday.

Petroleum products imports also ratcheted up to $2.6 billion, the statement said.

The report added that imports of durable good stood at $ 659.7 million and non-durable goods at $ 2.5 billion.

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