Recent official data revealed that the Suez Canal traffic fees topped the list of the largest sources of Egyptian foreign exchange earnings in the transportation sector during the fiscal year 2019/2020, as the total value of Suez Canal fees amounted to about $5.805 billion, followed by Foreign exchange receipts from Egyptian shipping companies “Al-Nawaleen” by $577,664 million.
The list included, according to the data of the Central Agency for Public Mobilization and Statistics, each of the airline companies’ “passenger services” receipts, which amounted to about 946 million and 923 thousand dollars, then the leasing of planes and ships “port services – commissions – agency expenses”, with a value of 208.853 million dollars, then the proceeds of companies Egyptian airline “Al-Nawaleen” with a value of 145.429 million dollars.
Total foreign exchange receipts recorded $128.9 billion during the fiscal year 2019/2020, compared to about $122.1 billion during the fiscal year 2018/19, an increase of about 5.6%.
Government receipts came as the most significant increase in foreign exchange receipts, reaching $3.9 billion during the year 2019/2020, compared to about $0.7 billion during the fiscal year 2018/2019, an increase of about 457%.
The Statistics Authority stated that the total foreign exchange payments amounted to about 143.2 billion dollars during the fiscal year 2019/2020, compared to about 124.2 billion dollars during the 2018/2019 fiscal year, an increase of about 15.3%.
Financial account payments (portfolio investments) were the most prominent aspects of foreign exchange payments, reaching $27.7 billion during 2019/2020, compared to about $16.3 billion during the 2018/19 fiscal year, an increase of about 70%.