Trade exchange between Egypt, Algeria hits dlrs 627 mn in 9 months

CAIRO, Nov 27 (MENA) - Egypt's International Trade And Representation Agency (ITRA) said Wednesday that the volume of trade exchange between Egypt and Algeria reached dlrs 627 million during the period from January to September 2019, compared with dlrs 683 million in the previous year, recording a slight decrease of 8 percent.

The Trade Representation Office in Algeria said in a statement that Egypt's exports to Algeria (excluding oil products) were estimated at dlrs 433 million during the first nine months of the year, recording a rise of 12 percent, compared with dlrs 388 million in the previous year.

Meanwhile, Head of the Trade Representation Office in Algeria Minister Plenipoteniary Mohamed Hegazi said Egypt's exports to Algeria includes copper wires, textiles, food products, soya beans oil, urea carbamide, iron products, gas and marble.

Egypt's imports from Algeria includes oil products with a percentage of 94 during the mentioned period.

Trade balance tilts in favor of Egypt as it achieved a surplus of dlrs 241 million during the nine months compared with dlrs 21 million in the year before with a rise of 1,047 percent.