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.