CBE: Egypt's trade with world hits $23.4bn

CAIRO - 6 February 2019: The Central Bank of Egypt (CBE) on Wednesday said that the value of Egypt's trade with other world countries hit 23.4 billion dollars in the first quarter of fiscal year 2018/2019.

A report issued by the CBE said that the value of Egypt's imports during this period reached 16.6 billion dollars while exports reached 6.8 billion dollars.

The value of Egypt's trade with the world countries in the same period last year reached 20.58 billion dollars, added the report.

China came first on the list of trade partners as joint trade exchange reached 1.6 billion dollars including 1.5 billion dollars of imports.

The US ranked second at a value of about 1.5 billion dollars, of which 867 million dollars is the value of imports and 652 million dollars is the value of exports.

Saudi Arabia ranked third at a trade value hitting 1.48 billion dollars including 1.2 billion dollars of imports, said the report.

The UAE ranked fourth while Italy came in the first rank followed by Germany, the UK and Switzerland, added the report.