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Egypt's exports to East Asia hit $4.3 bln in 2018: CAPMAS

CAPMAS reported an increase in the value of exports to East Asian countries by 44.5 percent in 2018, reaching $4.3 billion, compared to $2.3 billion in 2017

MENA , Thursday 26 Dec 2019
CAPMAS
Central Agency for Public Mobilization and Statistics (CAPMAS) (photo: Al-Ahram)
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Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) has reported an increase in the value of exports to East Asian countries by 44.5 percent in 2018, reaching $4.3 billion, compared to $2.3 billion in 2017.

A statement released by the agency on Wednesday said that imports from East Asian states increased by around 24.6 percent in 2018, reaching $21.2 billion, up from $17 billion in 2017.

India is number one for exports at $1.114 billion in 2018, compared to $982.3 million in 2017, according to the statement.

Egypt mainly exports crude oil to India.

China, which mainly imports crude oil from Egypt, comes at number two with imports worth $1.034 billion in 2018, compared to $692.9 million in 2017, an increase of 49.4 percent.

However, China came first among East Asian states exporting to Egypt, the statement added. In 2018, China's exports to Egypt amounted to $11.143 billion against $8.062 billion in the previous year, an increase of 41.8 percent.

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