Trade between Egypt, US hit $2.2B in 3 months: ECS

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Thu, 13 Jun 2019 - 03:10 GMT

Container boxes are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China September 24, 2016. REUTERS/Aly Song

Container boxes are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China September 24, 2016. REUTERS/Aly Song

CAIRO - 13 June 2019: Trade exchange between Egypt and the US hit $2.2 billion during the first quarter of 2019, up by 26 percent from the corresponding period of 2018, according to the Egyptian Commercial Service (ECS) on Thursday.

During the first quarter of 2019, the deficit in trade balance between Egypt and the US declined by 0.5 percent from $802.8 million to $798.7 million.

Head of the Egyptian trade representation office in Washington Ahmed Adel Hosni said Egyptian exports to the US increased by 48.8 percent from $465.6 million to $692.9 million.

Non-petroleum exports, which make up 80.4 percent of total Egyptian exports to the US, increased by 39 percent from $400.4 million to $556.6 million.

Egypt's non-petroleum exports to the US include, among other things, textile, ready-to-wear clothes, iron and steel and aluminium products.

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