Egypt’s exports to 5 states hit $4.2B in 5 months

CAIRO – 7 August 2017: Egypt’s exports to the UAE, Italy, Turkey, Saudi Arabia and the U.S. reached $4.2 billion in the first five months of 2017, up from $3.4 billion in the year-ago period, the Trade Ministry’s foreign trade bulletin said Monday.

Exports to these five countries represented 40 present of Egypt’s total exports worth $10.6 billion in the period between January and May 2017.

Egypt’s exports to the UAE came on top in terms of the value, amounting to $1.3 billion, followed by Italy and Turkey with $879.2 million and $761.2 million, respectively.

Saudi Arabia came fourth with $684.7 million, followed by the United States with $510.9 million.

The commodities exported to the aforementioned five states were as follows:


Egypt’s

trade balance deficit

declined 43.8 percent to $2.32 billion in May 2017, down from $4.14 billion in the same month of the previous year, state official statistics from CAPMAS revealed.

The value of exports rose 8.8 percent year-on-year to $2.28 billion compared to $2.09 billion last year.