Egypt says non-oil exports increase 15 percent in Q1 of 2018, trade volume grows

Reuters , Saturday 28 Apr 2018

Tarek Kabil
File Photo: Egypt's trade minister Tarek Kabil (Photo: Reuters)

Egypt said on Friday its non-oil exports for the first quarter of 2018 had increased by 15 percent compared with a year earlier, reaching $6.324 billion.

The volume of foreign trade in the same period grew 9 percent to $21.265 billion, up from $19.520 billion, Trade Minister Tarek Kabil said in a statement.

The trade budget deficit improved by 2 percent, the statement said. The improvements were thanks to increased exports from Egypt’s chemicals, fertiliser and clothes manufacturing sectors, among others, it said. 

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