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

Trade exchange bet. Egypt, G20 member states hit $66.8B in 2018

By: MENA
Thu, Jun. 27, 2019
CAIRO - 27 June 2019: The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the volume of trade exchange between Egypt and the Group of 20 major economies increased by 16.6 percent to register $66.8 billion in 2018, compared to $57.2 billion in 2017.

In a statement on Thursday, it said that Egypt's exports to the G20 member states upped by 13.7 percent to record $13.7 billion in 2018, compared to $12 billion in 2017.

Egyptian imports from the G20 countries rose by 17.4 percent to register $53.1 billion in 2018, compared to $45.2 billion in 2017, it added.

Italy topped G20 member states in terms of exports from Egypt with $2.04 billion, followed by Turkey, the US, Saudi Arabia, and the UK with exports worth $2 billion, $1.7 billion, $1.4 billion, and $1.3 billion, respectively.

China ranked first among G20 states in terms of imports to Egypt in 2018 with $11.4 billion, followed by Saudi Arabia, the US, Russia, and Germany with $5.6 billion, $5.4 billion, $4.8 billion and $4.1 billion, respectively.

During the first half of the 2018/2019 fiscal year, the UK came in the first place among G20 members in terms of investing in Egypt with $2.4 billion, followed by the US, Saudi Arabia, Germany, and France with $1.1 billion, $222.8 million, $115 million and $88.7 million, respectively.
 
There are no comments on this article.

Leave a comment