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Saturday, 14 December 2019

Egypt-Algeria trade exchange hits $201.4 mln in Q1 2019: Egyptian Commercial Service

MENA , Sunday 7 Jul 2019
Algeria
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The volume of the Egyptian-Algerian trade exchange rose 42.4 percent in the first quarter of 2019 to reach $201.4 million up from $141.4 million in the same period 2018. 

In a recent report on the Egyptian-Algerian trade ties, the Egyptian Commercial Services said that Egypt’s exports to Algeria increased 11 percent in Q1 2019, amounting to $137.2 million up from $123.6 million in Q1 of 2018.

The Egyptian non-oil exports went up 33.4 percent, however, the Algerian imports in the same category in general declined 2.4 percent, according to Algerian official statistics. 

In the meantime, the Egyptian imports from Algeria jumped 261 percent to reach $64.2 million in Q1 of 2019 against $17.8 million in Q1 of 2018.

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