Send To Friend
Egypt-UK trade up 9 pct in Jan-Sep 2019, report
20 January 2020  -  Organization :  -  Sector/Entity :  -  Category : General

Other Titles

Egypt’s exports to UK amounted to £720.8 million during the January-September period, up 5.8% from a year earlier.

Cairo- Jan 20, 2020

According to the latest report by the Egyptian commercial office in London, Egypt-UK trade grew  9.4% year-on-year to £1763.8 million during the first nine months of 2019.

It stated that Egypt’s exports to UK amounted to £720.8 million during the period, up 5.8% from a year earlier. Its top exports to the Kingdom, in the last three years, included: electric cables, petroleum products, fertilizers, vegetables, fruits, ready-made garments, non-organic chemicals, plastics, textiles, carpets, steel, ceramics, paper and furniture.

On the other hand, imports from the British market reached £1043 million, compared to £931 million over the same period in 2018. The report also cited the country’s main UK imports in the last three years: steel, pharmaceuticals, machinery, equipment, vegetables, petroleum, plastics, and fragrant plants and oils.

The report further added that UK investments in Egypt stand at $5.348 billion mostly concentrated in the local industrial sector, thus, ranking first globally in terms of the size of contribution to foreign direct investment in Egypt.  

Add new comment
Comment body*
(0) Comment(s)