Recent official data revealed that Turkey has emerged as the leading importer of Egyptian natural gas among the top 10 countries during the first four months of this year.
According to the Central Agency for Public Mobilization and Statistics in Egypt, Egypt’s exports of natural gas from January to April of this year reached approximately $2.633 billion.
Turkey ranked first as the importer of Egyptian natural gas with a value of $722.67 million, followed by Greece in second place with a value of $253.1 million, and South Korea in third place with a value of $240.7 million.
Spain came in fourth place with a value of $181.7 million, followed by Italy in fifth place with a value of $120.63 million, and the United Kingdom in sixth place with a value of $102.5 million.
Singapore ranked seventh with a value of $97.94 million, followed by India in eighth place with a value of $78.12 million, then France in ninth place with a value of $52.41 million, and finally China in tenth place with a value of $47.24 million.
Egypt’s trade deficit reached approximately $2.33 billion in April, compared to around $1.89 billion in the same month of the previous year, representing an increase of 23.8%, according to data from the Egyptian statistics agency.
The value of Egyptian gas exports (including natural gas and liquefied gas) declined for the third consecutive month in April 2023, due to a decrease in export values and other factors.
Official data showed a 75.6% year-on-year decline in the value of Egypt’s natural gas and liquefied gas exports in April.
The total value of exports, including Egyptian gas exports, reached approximately $3.03 billion in April, compared to around $5.5 billion during the same period last year.
