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Tuesday, 19 March 2019

Egypt's exports to East Asian countries up by 126% in 2017: CAPMAS

MENA , Ahram Online , Wednesday 26 Dec 2018
Ain Sokkhna
A file photo of Egypt's Ain Sokhna Port (Photo: Reuters)
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Egypt's exports to East Asian countries hit EGP 41.8 billion in 2017 compared to EGP 18.5 billion in 2016, a 126 percent increase, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday.

In its annual bulletin, the agency said imports from East Asian countries (China, Malaysia, India, Indonesia, Pakistan, Thailand, Singapore, and Bangladesh) stood at EGP 300.7 billion in 2017 compared to EGP 182.8 billion in 2016, a 64.5 percent increase.

India topped the list of Egyptian export-recipient countries with exports totaling EGP 16 billion in 2017 against EGP 6.5 billion in 2016.

China came next with EGP 12.4 billion in 2017 against EGP 5 billion in 2016, though it ranked first in terms of countries sending exports to Egypt.

China's exports to Egypt totaled EGP 144.2 billion in 2017 against EGP 90.2 billion in 2016. 

Fuel and petroleum products topped Egyptian exports to East Asian countries while electrical appliances came first in terms of Egyptian imports from East Asian countries. 

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