Egypt's exports to East Asia hit $4.3 bln in 2018: CAPMAS
MENA , Thursday 26 Dec 2019
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


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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