Egypt Independent

Egyptian exports drop in January



Egyptian exports have dropped by six percent in January compared to December due to the curfew imposed by Egyptian authorities following the Day of Anger protests, said Minister of Trade and Industry Samiha Fawzi.

In statements to the press on Saturday, Fawzi said that exports totaled LE7.7 billion in January compared to LE8.2 billion in the preceding month

Fawzi attributed the decline to the curfew which hampered the transportation of exports, and forced the closure of banks and the suspension of internet services.

Egyptian authorities closed the Stock Exchange and cut off the internet following nationwide protests that started on 25 January and called for the ousting of President Hosni Mubarak.

The prices of vegetables and fruits have decreased over the past days due to the difficulty exporting them.