Table ( 33 ): Balance of Payments - Current Account  
Annual Profile
(US $ Million)
  1993/94 1994/95 1995/96 1996/97 1997/98 1998/99 1999/00 2000/01  2001/02  2002/03  2003/04  2004/05 *
Trade Balance -7,310 -7,854 -9,498 -10,219 -11,770 -12,563 -11,472 -9,363 -7,517 -6,615 -7,834 -10,377
Export Proceeds  3,337 4,957 4,609 5,345 5,129 4,445 6,388 7,078 7,121 8,205 10,453 13,816
Petroleum 1,772 2,176 2,226 2,578 1,728 1,000 2,273 2,632 2,381 3,161 3,910 5,276
Non Oil Exports    1,565 2,781 2,383 2,768 3,401 3,445 4,115 4,446 4,740 5,045 6,542 8,540
Import Payments  -10,647 -12,811 -14,107 -15,565 -16,899 -17,008 -17,860 -16,441 -14,637 -14,820 -18,286 -24,193
Petroleum             -2,388 -3,172 -2,477 -2,313 -2,550 -3,975
Non Oil Imports             -15,472 -13,269 -12,161 -12,507 -15,737 -20,218
Services (net)    3,674 4,042 5,792 6,193 4,692 5,970 5,630 5,588 3,878 4,949 7,318 7,843
Receipts 8,677 9,556 10,636 11,241 10,455 11,026 11,426 11,696 9,618 10,441 12,981 15,030
Transportation  2,789 3,091 2,711 2,535 2,457 2,637 2,635 2,704 2,715 2,965 3,755 4,260
                         
     of which : Suez Canal -1,990 2,058 1,885 1,849 1,776 1,771 1,781 1,843 1,820 2,236 2,848 3,307
Travel 1,779 2,299 3,009 3,646 2,941 3,235 4,314 4,317 3,423 3,796 5,475 6,430
Investment Income 1,197 1,626 1,829 2,052 2,081 1,933 1,833 1,850 938 641 485 911
Government Services 491 293 285 216 303 308 110 190 188 253 179 157
Other Receipts 2,421 2,247 2,802 2,791 2,673 2,913 2,535 2,636 2,354 2,786 3,086 3,272
Payments 5,004 5,514 4,845 5,048 5,764 5,056 5,796 6,109 5,740 5,493 5,663 7,187
Transportation  236 245 203 242 362 377 457 429 420 393 668 902
Travel 1,501 1,129 1,335 1,333 1,307 1,104 1,028 1,054 1,208 1,372 1,315 1,438
Investment Income  1,319 1,485 1,291 1,085 868 928 901 778 842 749 692 1,164
    of which : Interest Paid -1,284 1,237 1,195 995 716 789 770 728 689 626 586 584
Government Expenditures 216 327 437 511 856 511 467 588 660 455 489 657
Other Payments 1,732 2,329 1,579 1,877 2,371 2,136 2,943 3,260 2,609 2,524 2,499 3,026
Goods & Services (Net)   -3,636 -3,812 -3,707 -4,026 -7,078 -6,593 -5,843 -3,776 -3,638 -1,666 -516 -2,534
Transfers (Net) 4,046 4,198 3,521 4,145 4,600 4,869 4,680 3,742 4,252 3,609 3,934 5,428
Official  (net) 814 919 724 890 883 1,097 932 769 1,144 664 888 1,056
Private  (net)   3,232 3,279 2,798 3,256 3,718 3,772 3,747 2,973 3,109 2,946 3,046 4,372
Current Account 410 386 -185 119 -2,478 -1,724 -1,163 -33 614 1,943 3,418 2,894
Source: Central Bank of Egypt.
* Preliminary.
2/ Includes exports of free zones to the rest of the world, on F.O.B. basis.
3/ Includes imports of free zones, on C.I.F. basis.
Note:  Trade data in this table are from the banking sector data; based on cash transactions. They may differ from data compiled by CAPMAS  which are based on Custom Authorities' records.
Fig ( 26 ): Distribution of Current Account Receipts
Source: Central Bank of Egypt.
1/ Includes Suez Canal receipts.