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Egypt’s trade deficit declines 32.2% YoY in October 2019: CAPMAS
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%.
S&P 500, Nasdaq, Dow Jones rise to record highs on back of US-China trade deal
The new levels mark the best annual performance since 2013 and yet may put in a return not seen since 1997 depending on trading on the final two days of the year next week.
Egypt’s trade deficit narrows by 28.7% in September: CAPMAS
Unfortunately, Egypt’s export value decreased by 2.7% in September, amounting to $2.37 bn during September, down from $ 2.43 bn in September 2018, the CAPMAS added in its monthly bulletin of Foreign Trade Data.
Transport ministry retreats El-Wazeer labours’ critical comments remarks over trade unions
Trade union of public transport workers said it does not oppose development
2.3% increase in exports, decrease in trade balance deficit by $2.147bn
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.
Trade volume between Egypt-Nile Basin countries in 2018 reach $1.872bn
15.1% increase in Egyptian exports to Sahel and Sahara countries to record $3.136bn
Africa’s 2063 programmes to be integrated with Egyptian ministries
Hashem noted that the Made in Africa workshop represents an important step to support the joint African action and one of the efforts exerted by Egypt in cooperation with other African countries to achieve the objectives of the African agenda and executive steps to achieve comprehensive and sustainable industrial integration in Africa.
Egypt’s trade deficit sees 25.8% decrease in August 2019
Value of some exported commodities increased during this August compared to the same period of the previous year, such as ready-to-wear clothing by 1.1 %, plastics by 1.9 %, soaps and cleaning products by 54.5 %, fresh fruits by 23.3%, tiles and sanitary ware by 31.2 %.
Egypt’s foreign trade increases to $95bn in FY 2018/19: CBE
Egypt’s imports scored $66.529bn, while exports reached $28.495bn between July 2018 and June 2019
Egypt’s first exchange market for industrial and agricultural commodities to launch within days
Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
18.9% decrease in Egypt’s trade balance deficit in July Y-O-Y:CAPMAS
14.8% decrease in imports value during July Y-O-Y, says CAPMAS
$80m decrease in Egypt’s trade deficit y-o-y during 8M of 2019
Egypt’s non-oil exports hike by 3% reaching $17.65bn
‘Agribusiness Expo’ opportunity to boost Egypt-Indonesia trade relations: Embassy
IPA targets setting Egypt as regional hub for its exports to Africa, EU, says Chairperson
China’s trade exchange with Egypt hikes by 4.6% in 1H 2019 despite tensions with US: Chinese embassy
However, China’s trade exchange with other countries increased by 3.8% in 1H 2019 which affirms the solid position of the its economy despite the tensions with the US, the ambassador reassured.
Trade war threatens global trade landscape
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.
24.6% decline in Egypt’s trade deficit in May
Egypt’s exports hiked by 1.6% in May, reaching $2.68bn
Egypt, EU agree on €110m projects for 2020 in energy, water, trade, investment and local development sectors
The projects, worth €110m come as part of the €500 Single Support Framework (SSF) for EU to Egypt 2017-2020.
Ministry of Public Enterprise Sector launches Gosour app to facilitate trade in Africa
Tawfik opened the ‘Gosour for International Trade in Eastern and Central Africa’ conference in the presence of Minister of Trade and Industry, Amr Nassar, and Chairperson of the Arab Organization for Industrialization, Abdel-Moneim Al-Tara.
Egypt has not yet benefited from its trade agreements with Africa: Industry Minister
“We aim to increase Egyptian exports to Africa to 4% of continent’s imports,” says Nassar
UK Trade Envoy in Egypt to boost health care cooperation
We are committed to supporting Egypt’s reform agenda, says British ambassador
Egypt’s trade balance increases by 10.1 % in March 2019
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%
Egypt-Ukraine trade exchange likely to remarkably hike by end of 2019
Both countries’ economic reforms to positively reflect on development of joint cooperation, says Ukrainian ambassador
Government to boost cooperation with untraditional markets, private sector follows suit
Many difficulties hinder Egyptian goods to access new markets like central Asia, says expert
Egypt’s exports to Arab countries hike by 7.7% in February, reaching $860.4m
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%
G20 finance leaders agree trade tensions have ‘intensified’
International Monetary Fund chief Christine Lagarde said trade tension was the “major” headwind facing the global economy, telling Japan’s Nikkei daily it was a “significant risk on the horizon.”
UK Secretary of State for International Trade concludes visit to Egypt
Vodafone’s expertise will play a pivotal role in the digital transformation of the healthcare service in Egypt and facilitate its accessibility to all Egyptians, the statement noted.
Egypt’s foreign trade reaches $47.8bn in second half of 2018: CBE
Fourteen countries account for 60.62% of Egypt’s foreign trade volume, led by China
Egypt’s trade deficit declines by 2.7% in February
Egypt trade deficit reached $3.63bn in February 2019, versus $3.72bn in the same month of the previous year, a decrease of 2.7%.
US-China trade war escalates, as Trump imposes further tariffs on $300bn worth goods
‘China will never yield to US pressure, will not compromise on matters of principle,’ says People’s Daily
Trade Ministry, IFC’s delegation discuss development programmes to support industry, trade sectors
The two entities to implement joint programme to increase the competitiveness of Egyptian product in local and foreign markets