Balance of Payments

For the financial year of 2007, between July to December the balance of payments (BOP) of Egypt was a surplus of US $3.1 billion. An increase on last year’s US $2.9 billion.

• Merchandise exports increased by US $2.4 billion (22.8%)
• Non-oil exports increased by 26.2%
• Oil exports increased by 19.1%
• Merchandise imports increased by US $ 7.1 billion (41.2%)
• Services surplus was $ US 6.8 billion (last year US $ 5.6 billion)
• Tourism revenues rose 30.1% (up to $5.6 billion)
• Suez Canel revenue increased to US $ 2.5 billion (increase of 24.6%)
• Net Unrequited transfer increased to US $ 4.2 billion (42.5% increase)

Capital & Financial Account

• FDI (Foreign Direct Investment) increased from US$ 7.2 billion to $ 7.8 billion
• Privatization Proceeds was US $1.4 billion compared to US $2.6 billion last year