Send To Friend
Foreign trade up 13 pct, exports surge 11 pct in nine months
3 November 2018  -  Organization :  -  Sector/Entity :  -  Category : General

Other Titles

Exports increased by 11% and imports by 14% compared to the same period in 2017.

Cairo- Nov 3, 2018
Minister of Trade and Industry Amr Nassar announced that foreign trade surged 13% year on year to around $67.630 billion in the first nine months of the year, up from $59.822 billion.

Based on a recent report by the ministry’s General Organization for Export and Import Control (GOEIC), non-oil exports increased by 11% and imports by 14% in the same period from a year ago, registering $18.514 billion and $49.116 billion respectively.

According to the report, Egypt’s trade volume with the US grew 33.2%; and likewise with non-Arab African countries by 21%, the Arab League member states by 10.5% and the EU by 5%.

It also stated that the top markets that received Egyptian exports in the January-September period were: UAE, Turkey, US, Italy, Saudi Arabia, UK, Spain, Algeria and France.

Ismail Gaber, head of the GOEIC, said that  the five sectors of chemicals and fertilizers, medical industries, textiles, handicrafts and ready-made garments were the key drivers behind export growth in the first nine months of the year; rising 25.8%, 13%, 10.3%, 10% and 9.2% respectively.

Similarly, imports of linens, leather products, ready-made garments, handicrafts and construction materials witnessed an increase of 64%, 36.7%, 35.3%, 32% and 28.1% respectively between January and September.

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