Latest in Tag: trade Highlight
Latest in Tag: trade
Egypt sees trade deficit of $3.30bn in June 2020
Though it is a big dream to reach $100bn of exports, Egypt has carried out recently some mega projects that seemed very difficult at the beginning to be fulfilled
Russia has adopted similar positions to Egypt regarding Libyan and Syrian conflicts
This high level of trade exchange means Egypt is one of Indonesia’s main commercial partners, Fawzy said. He added that Egypt acts as a pivotal gateway for Indonesian products moving into Africa.
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
Kenya, Mauritius, Namibia and South Africa are only countries where share of internet shoppers tops 8%, the trend is below 5% in most other African countries
Decline attributed to decreased value of some commodities, including fertilisers, petroleum products, and assorted edibles
The March 2020 figures compare to the $4.38bn reported in the same month of the previous year, marking a decrease of 38.6%.
Factories to be given approval in 24 hours manufacture fabric masks, says Ghazi
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.
Exports of crude oil, ready-made clothes, plastics, fruits have increased, says report
Export Development Fund spends EGP 291m on 12 companies under stimulating investment initiative
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%.
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.
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.
Trade union of public transport workers said it does not oppose development
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.
15.1% increase in Egyptian exports to Sahel and Sahara countries to record $3.136bn
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.
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 imports scored $66.529bn, while exports reached $28.495bn between July 2018 and June 2019
Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
14.8% decrease in imports value during July Y-O-Y, says CAPMAS
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
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.
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.
Egypt’s exports hiked by 1.6% in May, reaching $2.68bn
The projects, worth €110m come as part of the €500 Single Support Framework (SSF) for EU to Egypt 2017-2020.