FILE – Exports FILE – Exports

Egypt’s exports to India jump 41% during 2018

Wed, Jun. 19, 2019
CAIRO – 19 June 2019: Egypt’s exports to India rose 41 percent during 2018, amounting to $1.7 billion, compared to $1.2 billion in 2017, according to an economic report on the Egyptian-Indian relations prepared by the Egyptian Commercial Representative Office in New Delhi.

The report revealed that by excluding petroleum exports and natural gas, Egypt's exports recorded$697 million in 2018, compared to $398.7 million in 2017, with an increase of $289.5 million or 75 percent.

Among the most important items of Egyptian exports, which achieved a big boom in 2018, are textiles of industrial fibers worth $81 million, and ammonium fertilizers recorded$73.6 million, compared to $6.3 million in 2017.

As for the Egyptian imports from India, the report noted that the imports marked an increase of 18.2 percent, saying that the main reasons for this increase are the hike in the value of imports of fuel from the refining operations from $195 million in 2017 to about $507 million in 2018, with an increase of $312 million. “This item represented 73 percent of the total Egyptian imports from India.”

According to the report, the Egyptian imports from India are also concentrated in intermediate commodities for Egypt's manufacturing and development processes such as fuel, blended yarns and pharmaceutical chemicals as well as strategic food commodities such as meat, dairy products and raw food oils.
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