info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Photo from Daily News Egypt
According to data from the Central Bank of Egypt, Egypt's trade with world registers was $88.93bn in 2017/18. Among them, Egypt's imports during this period were US$63.103 billion, while exports were US$25.77 billion.
According to the CBE, the volume of trade between Egypt and the 14 most prominent trade partners amounted to $52.131bn. It added that exports to these countries reached $16.343bn, while imports stood at $35.787bn.
According to the report, the UAE ranked on top of the list of most important trade partners, with a volume of trade worth $5.822bn, including $3.331bn in imports and $2.512bn in exports.
China ranked second with volume of trade reaching $5.7863bn, including $5.4062bn in imports and $380.1m in exports, and the USA ranked third with a trade exchange of $5.0213bn, including $2.9406bn in imports and $2.0807bn in exports, followed by Saudi Arabia with volume of trade worth $4.6246bn, including $3.5887bn in imports and $1.0359bn in exports.
As for Italy, which ranked fifth, the trade exchange was in favour of Egypt. With the total volume of trade worth $4.5096bn, including $1.921bn in imports and $2.886bn in exports.
The trade exchange between Egypt and Germany in FY 2017/18 reached $3.9883bn, including $2.9628bn in imports and $1.0205m in exports, while trade exchange with the UK reached $3.8543bn, including $2.132bn in imports and $1.722bn in exports.
Moreover, the CBE said that the Egyptian-Russian trade exchange reached $3.4299bn, including $3.1707bn in imports and $259.2m in exports.
The size of trade between Egypt and Turkey amounted to $3.0723bn, including $1.937bn in imports against $1.1353bn in exports.
Switzerland ranked 10th on the list of Egypt's most prominent trade partners with a trade exchange worth $2.8842bn, including $1.9692bn in imports and $915m in imports, followed by France with a total trade exchange of $2.6368bn, including $1.9928bn in imports and $644m in exports.
