Taxes on the bourse    Damage to Turkey's standing    Slow-cooked or raw Brexit?    Egypt ‘shocked and distressed' by Ethiopian PM's comments on GERD    Lebanon PM seeks foreign support for reforms amid protests    UK lifts four-year ban on flights to Egypt's Sharm el-Sheikh    NBE leasing arm receives EGP1bln loans from 5 banks    President Sisi arrives in Sochi for Russia-Africa Summit    Live score: Juventus v Lokomotiv Moscow (UEFA Champions League)    Israel's Netanyahu gives up effort to form new government    Beckham's stadium complex for Inter Miami taking shape    Tennis: Hewitt happy to end Davis Cup exile of "different" Kyrgios    Saudi profits from corporate earnings, Qatar extends losses    Canada's Trudeau retains power in election but will have minority government    Egypt's parliament endorses €205 mln loan deal with EBRD to upgrade Cairo Metro's first line    Liverpool's Egyptian star Mohamed Salah among 2019 Ballon d'Or nominees    Egypt's train fares to not increase until developing services – minister    Oil steady on weak demand worries despite U.S.-China trade optimism    Liverpool's Egyptian winger Salah ruled out of Manchester United clash    European markets seen cautiously higher as Brexit uncertainty returns    WHO hails 'triumph' as Ebola vaccine gets European green light    Current and ex smokers may lower lung cancer risk with exercise    Egypt's Sisi praises SCC's role in protecting justice, rights, freedoms    France's President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    After a young pupil dies of meningitis in Egypt, tips to help prevention    French President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    Grand Nile Tower Arts & Cultural Centre launches second round    Egypt's coach Hossam El-Badry satisfied with winning start despite technical problems    Luxor's new discoveries    Moroccan film Nomades scoops awards in Alexandria Film Festival    Six authors vie for Booker prize 2019, Atwood in the lead    In Photos: A sneak peek into rehearsals for the Cleopatra ballet world premiere    Sisi: army engaged in attrition phase against terrorism in Sinai since 2013    Sisi, Ethiopia's PM to meet in Moscow to discuss GERD issue    Sisi, Ethiopia's PM agree to overcome obstacles in Nile dam talks    Farwell to Egyptian comic actor Talaat Zakaria    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    







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





Trade exchange between Egypt, world climbs by 13.7% in Q1 of FY 2018/19
Egypt's exports increase to $6.78bn in same period
Published in Daily News Egypt on 07 - 02 - 2019

The value of trade exchange between Egypt and the world increased by 13.7% in the first quarter (Q1) of the current fiscal year (FY) 2018/19, reaching $23.4bn up from $20.58bn in the same period of FY 2017/18, according to the Central Bank of Egypt's (CBE) latest report.
Egypt's imports reached $16.6bn in Q1 of FY 2018/19 up from $14.74bn in Q1 of FY 2017/18, an increase of 12.6%, while the Egyptian exports hiked to $6.78bn in Q1 of the current FY, compared to $5.83bn in the same period of last FY, an increase of 16.2%, the report added.
The CBE elaborated that China was Egypt's most important trade partner, with an exchange trade value of about $1.6bn, including $1.5bn of imports and $71.9m of exports. The United States ranked second with an exchange trade value of $1.5bn, including $867.5m of imports and $652.3m of exports.
Meanwhile, Saudi Arabia ranked third with an exchange trade of $1.48bn, followed by the UAE with exchange trade of $1.4bn, and Italy with an exchange trade of $1.3bn.
The next five rankings included Germany, the United Kingdom, Switzerland, India, and Russia with exchange trade values of $1.03bn, $985.9m, $845.4m, $779.5m, and $697.8m respectively.
Turkey came in the eleventh rank with a trade exchange value of $693.7m, followed by France with $662.7m of trade exchange, Kuwait with $503.8m, and Spain with $476.6m of trade exchange with Egypt.
The report stated that the trade exchange between Egypt and the aforementioned 14 countries accounted for 60% of Egypt's total trade value which amounted to $14.1bn in Q1 of FY 2018/19, compared to $11.9bn during the same period of last FY.


Clic here to read the story from its source.