Latest in Trade Highlight
Latest in Trade
Imports of medicines and pharmaceuticals recorded a decrease of 12.7%
The report, issued on Wednesday, noted that the country’s trade deficit stood at $2.59bn during May 2020, down the $4.05bn in May 2019
Increased cooperation needed in various fields, such as AI and information exchange, says El-Said
Egyptian exports to US equivalent to 7.2% of Egypt’s total exports in 2019
COMESA countries followed with Egyptian exports reaching $2.1bn in 2019, an increase of 11.3% on the $1.9bn in 2018.
Ministry conducts comprehensive review of industrial lands to prevent land hoarding
China accounts for over 20% of trade, 16% of FDI in Africa, says Union of African Chambers
Decline attributed to decreased value of some commodities, including fertilisers, petroleum products, and assorted edibles
Gamea said the decision is to ensure that the needs of Egypt’s citizens and medical institutions are provided for during the ongoing coronavirus (COVID-19) pandemic.
Non-oil exports declined 1.8% to $8.707bn between January and April compared to figures for the same period in 2019
CBC recommends member states ease movement of essential transit cargo across region
Trade, Industry Ministry issues urgent instructions for port to remain functional
Egypt’s exports rise by 3.3% to $2.69bn in same month
Exports increased by 1.4 % to reach $2.48bn in January 2020, compared to $2.45bn for the same month of the previous year. This is due to the decreased value of some commodities such as crude oil by 102.6%, fertiliser by 7.3%, and various food preparations by 18.1%, among other items.
Factory on an area of 10,000 sqm in partnership with Jordanian company: Fathy
Al-Faris pointed out that Mork has participated in the last three sessions of the Food Africa exhibition, which is held in Cairo, and will be participating in the current session of the Gulfood exhibition in Dubai to market its nut products.
Exports of crude oil, ready-made clothes, plastics, fruits have increased, says report
Expectations of an increase in demand for green beans, according to Al-Amry
General manager of the company Reda Mohamed said, in the coming period, Grand Egypt aims to expand in the production of oranges, garlic and pomegranates to meet the needs of the markets to which it exports.
Establishing two new production lines, with investments of $2.5m, according to Anis
Ehab Sharaf, chairperson of the company, said ITC seeks to increase the volume of its exports by cultivating 100 feddans of sweet potatoes for export to European markets.
Company invests EGP 25m in onion packaging, targets 20% in exports: Sarhan
The CAPMAS attributed the decrease in exports value to the decrease of some commodities, such as petroleum products by 31.1%, crude oil by 17.2 %, fertilisers by 20.1%, plastics by 4.1%.
14.8% decrease in imports value during July Y-O-Y, says CAPMAS
“We plan to increase our investments in local market to $15bn,” says Chinese ambassador
Egypt’s non-oil exports hike by 3% reaching $17.65bn
IPA targets setting Egypt as regional hub for its exports to Africa, EU, says Chairperson
On the other hand, Egyptian imports from the US rose to $2.7bn in the same period, increasing by 4.1% y-o-y. Top US exports to Egypt are grains and animal feed with $293.7m, while boilers, machinery, equipment, and spare parts recorded $191.8m, meat accounted for $ 165.7m.
The United States is the world’s largest importing country, with $2.6tn, followed by China with $2.1tn. However, the European Union is, collectively, the world’s largest importer, sending $6.5tn on imports.
G7 net investments in Egypt up 5.7% in H1 of FY 2018/19