Volume of trade exchange between Egypt, US records $5.3B within 7 months

CAIRO 19 September 2019: The volume of trade exchange between Egypt and the US increased within the first seven months of 2019 to reach $5.35 billion in comparison to $4.47 billion in the same period in 2018, Egyptian Commercial Service (ECS) said.

The deficit between Egypt and the US decreased by 8.7 percent within the same period.

The total value of Egypt exports to the US increased by 37.5 percent from January to July in 2019 reaching $1.9 billion, the ECS said in a statement on Thursday.

The Egyptian petroleum exports to the US increased to $662.9 million from January to July, the statement said.

The Egyptian imports from the US reached $3.46 billion in 2019 in comparison to $3.09 billion in the same period in 2018 with an increase of 11.8 percent, the statement added.