Egypt launches industrial cash incentive to draw FDI    Egypt's food exports hit 222,000 tons in week ending 5 Dec. – NFSA    Egypt's pound inches up against dollar in early Sunday trade    Egypt joins Japan-backed UHC Knowledge Hub to advance national health reforms    Eight Arab, Muslim states reject any displacement of Palestinians    SCZONE chair showcases investment opportunities to US institutions, companies    Egypt launches 32nd International Quran Competition with participants from over 70 countries    Al-Sisi reviews expansion of Japanese school model in Egypt    Egypt launches National Health Compact to expand access to quality care    EU drafts central energy plan to fix grid bottlenecks and save billions    United Bank to roll out specialised healthcare financing packages, including green financing: Kashmiry    US warns NATO allies against 'bullying' American defence firms amid protectionism row    Netanyahu's pick for Mossad chief sparks resignation threats over lack of experience    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Egypt recovers two ancient artefacts from Belgium    Egypt assumes COP24 presidency of Barcelona Convention    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's trade with Asian states up 8.8% in 5 months
Sanaa Allam Published in Amwal Al Ghad on 03 - 09 - 2018

Trade exchange between Egypt and Asian countries rose 8.8 percent to $16.75 billion during the first five months of this year from $15.272 billion last year.
The volume of foreign trade with Asian countries jumped 5.2 percent to around $3.399 in May from $3.221 billion during the same month in 2017, according to a copy of a state statics agency CAPMAS statement reviewed by Amwal Al Ghad on Sunday.
"Egyptian exports to Asian countries stood at about $4.456 billion during the first five months of the current year," CAPMAS said.
Exports fell 18 percent to 763.79 million in May, compared with $931.445 million last year.
Egypt's imports from Asian countries climbed 13.7 percent to $12.937 billion during the January-May 2018 period from $10.815 billion last year.
In May, imports rose 15 percent to $2.635 billion against $2.29 billion last year.
China captured 26.4 percent of the total volume of trade exchange between Egypt and Asian countries during the first five months of the year.
Egyptian exports to China rose 38.4 percent to $462.427 million from $334.145 million. Meanwhile, Egypt's imports from China inched up 24.6 percent to $3.966 billion against $3.183 billion.
Trade exchange between Egypt and Israel surged 27.3 percent to around $71.857 million, compared with $52.238 million.
Egyptian exports to Israel edged higher 75.9 percent to $37.81 million, against $21.491 million.
"Egyptian imports from Israel jumped to $34.047 million from $30.747 million," the agency added.
Trade between Egypt and South Korea climbed 18.4 percent to $750.849 million from $612.873 million last year.
Egyptian exports to South Korea grew 101.9 percent to $62.762 million from $31.08 million. Meanwhile Egypt's imports from South Korea rose 18.3 percent to $688.087 million, compared with $581.793 million.
Trade between Egypt and Japan increased 9.6 percent to around $529.551 million, versus $478.446 million.
Egypt's exports to Japan rose 85.4 percent to $65.507 million, against $35.325 million. The Egyptian imports jumped 4.7 percent to $464.044 million from $443.121 million.
Trade between Egypt and Taiwan registered a 20 percent growth to $158.484 million, compared with $162.782 million.
Egypt's imports from Taiwan inched up 28.2 percent to $156.07, versus $121.727 million. Egyptian exports to Taiwan fell 52.2 percent to $2.414 million from $5.055 million.
Trade between Egypt and India dropped 15.4 percent to $1.24 billion, compared with $1.431 billion last year.
Egyptian imports from India reduced 30 percent to $811.908 million from $1.159 billion. Meanwhile Egypt's exports to India rose 57.7 percent to $428.161 million from $271.452 million.
Trade between Egypt and Singapore slipped 7.5 percent to $115.359 million, against $124.055 million.
Egypt's imports from Singapore fell 12.8 percent to $86.127 million, versus $98.788 million, while the Egyptian exports from Singapore jumped 15.7 percent to $29.232 million from $25.267 million.

Clic here to read the story from its source.