RESEARCH & ANALYSIS
A Brief Look at EGYPT’S PETROLEUM EXPORTS OVER FYS 2019/20 & 2020/21 BY JOLLY MONSEF, REHAM GAMAL & YOUSTINA MOUNIR
D
ue to the spread of Covid-19 pandemic in late 2019 and the lock down, the global economy and financial markets have been severely affected. Overall, the global demand has been negatively affected; accordingly, the exports have decreased compared with the exports in the year before the pandemic.
PETROLEUM EXPORTS VALUE OVER FYS 2019/20 & 2020/21 PETROLEUM EXPORTS BY COMMODITY ($ billion)
TOTAL PETROLEUM EXPORTS
FY 2019/20
FY 2020/21
FY
Crude Oil
3.245
2.678
2019/20
Oil Products*
5.235
5.919
Value ($ billion)
Share of Petroleum Exports from Total Exports (%)
8.480
32
8.597
30
2020/21
*Including natural gas, bunker and jet fuel.
PETROLEUM EXPORTS BY GEOGRAPHICAL DISTRIBUTION ($ billion) FY 2019/20
EU
FY 2020/21
PETROLEUM EXPORTS SHARES BY COMMODITY & GEOGRAPHICAL DISTRIBUTION IN FY 2020/21 (%)
Arab Countries
0.771
Arab Countries
38.71%
Others
Others
36.66%
29.53%
EU
Asian Countries
Crude Oil
Oil Products
OIL INDUSTRIAL EXPORTS FROM FREE ZONES TO THE REST OF THE WORLD
0.275
Value ($ billion)
0.234 1.923 1.389
16 | EGYPT OIL & GAS NEWSPAPER
24.15%
Asian Countries
USA
0.531 0.242
Other European Countries
4.10%
1.80%
Other European Countries
0.831
USA
Others
14.04%
1.892 2.785
12.54%
Other European Countries
EU
3.117
Asian Countries
3.13%
35.34%
3.088
FY 2019/20
0.668
FY 2020/21
0.634