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Tuesday, 15 October 2019

Trade between Egypt, US hits $2.2 bln in Q1 2019

MENA , Thursday 13 Jun 2019
Views: 1534
Views: 1534

Trade between Egypt and the US hit $2.2 billion during the first quarter of 2019, up 26 percent from the corresponding period of 2018, according to the Egyptian Commercial Service (ECS) on Thursday.

The deficit in the trade balance between Egypt and the US declined by 0.5 percent, from $802.8 million to $798.7 million.

The head of the Egyptian trade representation office in Washington, Ahmed Adel Hosni, said Egyptian exports to the US increased by 48.8 percent, from $465.6 million to $692.9 million.

Non-petroleum exports, which make up 80.4 percent of total Egyptian exports to the US, increased by 39 percent, from $400.4 million to $556.6 million.

Egypt's non-petroleum exports to the US include, among other things, textiles, ready-to-wear clothes, iron, steel and aluminium products. 

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