Egypt's exports to US climb 25.7% in 2018: CAPMAS

CAIRO – 4 July 2019: Egypt's exports to the United States (US) hiked 25.7 percent in 2018, recording $1.7 billion, compared to $1.36 billion in 2017, the state statistic body revealed Wednesday.

The Central Agency for Public Mobilization and Statistics (CAPMAS) said in a bulletin that Egypt's ready-made garments represented 46 percent of Egypt's total exports to the US, with an amount of $795.7 million in 2018, up from $726.8 million in 2017, with an increase of 9.5 percent.

Egypt's imports from the US reached $5.4 billion in 2018, marking a 39.6 percent rise, compared to $3.87 billion in 2017, according to the bulletin.

Imports of seeds, oil fruits, cereals and various fruits came in the first place with 21.9 percent of the total imports from the USA, reaching $1.18 billion in 2018, compared to $391.8 million in 2017, with an increase of 201.7 percent.

Moreover, US investments in the establishment of companies amounted to $4.6 million in 2018, compared to $4.4 million in 2017, with an increase of 4.5 percent.

In June, the Commercial Representative Office stated that Egypt's exports to the United States of America recorded $2.5 billion in 2018, compared to $1.6 billion in 2017.

According to the office’s data, Egypt's imports from the US reached $5.05 billion during 2018, compared to $3.9 billion during the prior year, with an increase of 26.6 percent.