Egypt's exports to East Asian countries record $3.4B in 2018

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Thu, 26 Dec 2019 - 09:26 GMT

FILE - CAPMAS

FILE - CAPMAS

CAIRO - 26 December 2019: Egypt's exports to East Asian countries hiked 44.5 percent during 2018, recording $3.4 billion, compared to $2.3 billion in 2017, state statistic-body revealed Wednesday.

The Central Agency for Public Mobilization and Statistics (CAPMAS) said in a bulletin that imports from East Asian countries increased 24.6 percent, recording $21.2 billion, compared to $17 billion.

The bulletin covered the volume of foreign trade (exports-imports) with the most important countries in East Asia, Malaysia - China - India - Japan - Indonesia - Pakistan - Thailand - South Korea - Singapore - Bangladesh.

India came at the top of the exports list with $1.14 billion in 2018, compared to $892.3 million in 2017, with an increase of 28.2 percent. China came second with $1.03 billion in 2018, compared to $692.9 million in 2017, with an increase of 49.4 percent.

As per imports, China came first with $11.43 billion in 2018, compared to $8.06 billion in 2017, with an increase of 41.8 percent, and India came second, with $2.28 billion in 2018, compared to $2.34 billion in 2017, marking a decrease of 2.5 percent. .

Fuel and petroleum products as well as extractive industries products ranked first in exports during 2017 and 2018, recording $1.84 billion in 2018, compared to $ 1.14 billion in 2017, with an increase of 61.1 percent, while machinery, mechanical and electrical appliances, and transportation equipment came first in imports during 2017 and 2018, by $ 8.27 billion in 2018, compared to $5.82 billion in 2017, with an increase of 42.1 percent.

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