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Trade Exchange between Egypt, France hit $2.13B in 10 months

Mon, Jan. 28, 2019
CAIRO - 28 January 2018: Trade exchange between Egypt and France hit $2.13 billion during the first 10 months of 2018, compared to $1.75 billion during the same period of 2017, with an increase of 21.4 percent.

According to data released by the Central Agency for Public Mobilization and Statistic (CAPMAS), Egypt's exports to France jumped 56.2 percent, recording $766.12 million during January-October period of 2018, compared to $490.43 million in the same period of 2017.

The most significant exported products from Egypt to France are chemical products, fertilizers, plastics and readymade clothes.

Egypt's imports from France reached $1.36 billion during the ten months of 2018, compared to $1.26 billion during the same months of 2017 with an increase of 8 percent.
In 2017, trade exchange between both countries increased 21.8 percent compared to 2016, the Ministry of Trade announced earlier, noting that Egypt's exports to France rose 36.4 percent compared to the prior year.

French President Emmanuel Macron and his wife arrived in Egypt on Sunday for a three-day visit.

This visit can be used to increase axes of joint cooperation between both countries, President of the General Federation of Chambers of Commerce Ahmed el-Wakil said.

Wakil referred to four fields to increase the economic cooperation between Egypt and France, which are: electricity, new and renewable energy, and infrastructure.

He also noted that companies in both states can cooperate in fields of transportation and joint training, adding that projects at the Suez Canal Zone can provide investment opportunities for French investors during the coming period.

 
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