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Monday, 16 September 2019

Egypt, India trade exchange hits $ 1.4 bln during Q1 2019

MENA , Sunday 4 Aug 2019
Views: 1052
Views: 1052

During Q1 of 2019, trade between Egypt and India has increased by 11.2 percent compared with the same period of 2018, up to a record $1.4 billion.

The trade balance between the two countries recorded an increase in the value of deficit in favor of India, standing at $382 million during the period between January-April 2019, a statement by Egyptian Commercial Service (ECS) said on Sunday.

Egypt's exports to India recorded a notable increase of 10 percent during the first four months of 2019, compared with the same period in the previous year.

Alongside petroleum products, Egypt's exports of cotton, leather and glass to the Asian country saw a noticeable increase, a statement issued by the ECS in New Delhi on the trade and investment relations between the two countries indicated.

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