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14% increase in volume of Egyptian exports during H1 2018 - Daily News Egypt

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14% increase in volume of Egyptian exports during H1 2018

Egypt's exports of iron and steel rose by 13% in the period from January to the end of June 2018


A report issued by the General Organisation for Export and Import Control revealed that the volume of Egyptian exports increased by about 14% during the first half (H1) of 2018.
The report pointed out that Egypt’s exports of metallurgical industries recorded about $2.269bn during the first six months of 2018, compared to about $2.073bn during the same period of 2017—a rise of about 9%.
The report stated that Egypt’s exports of iron and steel rose by 13% in the period from January to the end of June 2018, recording​ about $547m, up from $482m during the same period of 2017.
“Meanwhile, the exports of the textile sector increased by 34% during the aforementioned period to reach about $70m,” the report stated.
But the General Organisation for Export and Import Control did not reveal what were the most important exports or imports for Egypt and what were the most important countries that exported and imported from Egypt.
Earlier, the Central Agency for Public Mobilisation and Statistics (CAPMAS) announced that Egypt’s foreign trade volume increased during the first two months of 2018 to reach $16.279bn, up from $4.865bn during the same period of 2017.
According to CAPMAS, Egypt last January exported and imported hundreds of goods, but the main exports were represented in fuel, cotton, and raw materials, in addition to the export of fertilisers, carpets, furniture, cosmetics, perfumes, and cleaning products.
“In contrast, the main imports were crude oil, coal, tobacco, wood, pharmaceuticals, iron, copper, glass, and other products,” CAPMAS stated.
Topics: Exports Iron steel

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