Trade Exchange
The authority added in a statement that the value of Egyptian exports amounted to $ 101 million, while the value of imports amounted to about $ 9 million.
Italy is the fifth trade partner to Cairo while it came first as a trade partner to Egypt in Europe in 2019 according the Egyptian Central Agency for Mobilization and Statistics (CAPMAS), added the report.
Al-Arabi noted that this progress came despite the negative economic impacts of the Corona pandemic on the performance of the global economy during the past year.
Khairat Sharif said that Egypt is a strategic partner for his country in the Middle East and North Africa region.
This came in the minister's speech delivered on her behalf by Ibrahim Al-Sigini, Assistant Minister of Trade and Industry for Economic Affairs during the activities of the Egyptian-Kazakh Business Forum.
This came during Gamea’s speech, at the activities of the "Egyptian-Zambian Business Forum".
Kung clarified Sunday that Vietnamese exports to the Egyptian market worth $458 million, while the value of his country's imports from Egypt reached $33 million.
Egypt has become South Korea's key investment destination in Africa, with total investments worth $600 million, South Korean ambassador to Egypt Hong Yin Wook said.
“The most important areas of cooperation between the two countries are in the sectors of communications, construction, finance, services, tourism, industry and agriculture."
The most important terms of trade exchange included engineering and electronic goods, furniture, ready-made clothes, chemical products, fertilizers and medical industries.
Total Chinese investments in Egypt amounted to $7.2 billion, distributed over 1736 projects by the end of 2018.
“Egypt is one of the main commercial and pivotal partners of Indonesia, and it is the main gateway for our products to enter Africa,” Ambassador of Indonesia said.
Han said Chinese exports to Egypt hit $2.8 billion between January-March 2020, while Egypt’s exports to China stood at $330 million.
The statement also noted that the volume of trade exchange between the two countries reached $1.13 billion in April.
Belarus' exports to Egypt hit $116 million, marking an increase of 40 percent, while the Egyptian exports to Belarus reached $25 million.
The most important items of trade exchange between the two countries include engineering and electronic goods, spinning, textiles, ready-made clothes, chemical products and fertilizers.
CAPMAS revealed that trade exchange between Egypt and African countries slightly rose during 2019 to reach $131.35 million, up from $128.74 million in 2018.
Singaporean investments in Egypt reached $500 million.
Egypt’s exports to Sudan hiked 15 percent during January-September period of 2019, to hit $328 million.
The minister's remarks were made during her meeting with Moroccan Ambassador in Cairo Ahmed al Tazy.
