Trade exchange bet. Egypt, India hikes 11.2% in 4 months

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Sun, 04 Aug 2019 - 02:17 GMT

FILE – Exports

FILE – Exports

CAIRO – 4 August 2019: Trade exchange between Egypt and India rose 11.2 percent on a year-on-year basis during the first four months of 2019, recording $1.4 billion, according to a report prepared by the Commercial Representative Office in New Delhi.

The report revealed that trade deficit increased by $382 million for India’s favor, marking an increase of 14.7 percent during January/April period.

Egypt's exports to India hiked 10 percent compared to the same period in 2018, whether for oil or non-oil exports, the report said.

Oil exports rose to $304.39 million during the period of 2019, up from $276.27 million in the same period of 2018, marking an increase of 10.17 percent, while non-oil exports hit $199.6 million in 2019’s period, compared to $181 million in the period of 2018.

As per imports, Egypt’s imports from India climbed 12 percent, reaching about $886 million during January/April 2019 period, compared to about $791 million during the same period of 2018.

The Commercial Representation Office of New Delhi has promoted the products of 195 Egyptian companies in the Indian market during 2018/2019. The most important items of these products are agricultural crops, mainly citrus and dates, glass products, chemicals, fertilizers and phosphates, foodstuffs, leather, yarns and cotton.

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