Egypt's FM highlights 'soft power' in Mali meeting with alumni    Egypt's foreign minister opens business forum in Niger, targets new partnerships    Egypt's FM delivers Al-Sisi message to Niger's leader, seeks deeper security ties    Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    SCZONE signs $52.6m textile industry deals during China investment tour    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



Total value of Egyptian imports, exports falls in first half of 2014: EITP
Published in Daily News Egypt on 23 - 11 - 2014

The total value of Egyptian imports in the first half of 2014 reached $30.3bn, recording a 14% decrease compared to the same period last year that stood at $35.2bn, according to a report by the Egyptian International Trade Point (EITP).
EITP reported that the total value of imports from the US between January and August recorded $4.5bn, representing an increase of 24% compared to $ 3.6bn last year.
The report added that the value of Egyptian imports from the European Union (EU) between January to July reached €9.6bn in 2014, compared to € 8.6bn in the same period in the previous year – an increase of 11%.
"The total value of Egyptian exports in the first half of 2014 reached $ 14.6bn, recording a decrease of 6% compared to the same period of the previous year, which amounted to $15.5bn," stated the report.
The total value of Egyptian exports to the US from January to August 2014 reached $0.96bn, registering an 18% decrease compared to $ 1.1bn in the same period last year.
Meanwhile the total value of Egyptian exports to EU between January and July 2014 increased, recording €5.4bn by 20% compared to the same period last year which amounted to € 4.5bn, according to the report.
EITP attributed the cause of the decline in the value of exports to the low value of some commodities, notably oil and raw materials from iron and steel, corn, and plastic products.
Advisor to the Minister of Industry and Foreign Trade Said Abo Elqosan stated that the increase in the value of Egypt's exports to the EU is partly a result of trade agreements.


Clic here to read the story from its source.