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Imports also witnessed a decline of 3% to record $57.709bn compared to $59.336bn during the same period last year with a decrease of $1.660bn.
The CAPMAS added in its annual bulletin of foreign trade 2018 that the total value of exports of non-petroleum reached $24.6bn in 2018, up from $22.5bn in 2017, an increase of 9.3%.
The report showed out that the highest exports were concentrated in five African countries, including Libya, Sudan, Kenya, Ethiopia, and Uganda, respectively, accounting for85.5% of Egypt’s total exports to COMESA countries.
Quantities include the foreign partner’s share at an average price of $55 a barrel, say government sources
Abu Fraikha pointed out that the most important countries that receive Egyptian engineering products exports are the United Kingdom, Saudi Arabia, the United Arab Emirates, Hungary, Slovakia, France, Iraq, Algeria, and Syria.
About 36% of Egypt’s imports are production inputs, says Nassar
Completion of periodic maintenance of one of Idku’s liquefaction units contributed to this hike, says source
His remarks came on the sidelines of Egypt’s inauguration of the Egyptian Medical Expo to Africa, which is held under the auspices of Egypt’s Prime Minister Mosatafa Madbouly and Amr Nassar, and organised by the Export Council for Medical Industries.
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Egypt’s cotton exports registered at 160,100 metric kantars during the same period last year.
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The council’s delegation will include 25 Egyptian companies, and aims to maximise the competitiveness of Egyptian various products in international markets, and learn about investment and export opportunities available in Ghana, Abu Al-Makarem added in a press statement
Egypt’s exports to France reach $862m, up from $578m in 2017, according to Youssef
Connecting Giza, Fayoum fields contributed to increasing export quantities, according to EGAS
Egypt’s trade office in Jordon added in its economic report that the trade exchange between the two countries during the first quarter (Q1) of 2019 hiked by about 108.2%, recording $408.6m.
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In its annual bulletin of Egypt’s trade exchange in 2018, the CAPMAS added that Egypt’s exports to GAFTA topped the list, valued at $9.4bn in 2018, down from $9.8bn in 2017, a decrease of 3.5%.
El-Shaarawy told Daily News Egypt that the bank is currently completing the regulatory and structural framework of the company, determining shareholders’ stakes, and the CBE’s contribution in the company.
According to the bulletin, the deficit value of the trade balance reached $4.15bn during March 2019, versus the $3.77bn for the same month of previous year, which is an increase of 10.1%
The report added that the UAE is the largest Arab importer of Egypt’s products in February 2019, with a total export of $177.9m, compared to $202.4m during February 2018, a decrease of 12.10%
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Additionally, palm oil exports in its solid form recorded a decrease of $43.7m, with a drop of 47.6%, in addition to natural rubber, which decreased by 6.8%
The CAPMAS explained in its 2019 quarterly bulletin of cotton that this increase is due to an increase in cotton production.
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