Latest in Trade Highlight
Latest in Trade
Egypt’s exports rise by 3.3% to $2.69bn in same month
Exports increased by 1.4 % to reach $2.48bn in January 2020, compared to $2.45bn for the same month of the previous year. This is due to the decreased value of some commodities such as crude oil by 102.6%, fertiliser by 7.3%, and various food preparations by 18.1%, among other items.
Factory on an area of 10,000 sqm in partnership with Jordanian company: Fathy
Al-Faris pointed out that Mork has participated in the last three sessions of the Food Africa exhibition, which is held in Cairo, and will be participating in the current session of the Gulfood exhibition in Dubai to market its nut products.
Exports of crude oil, ready-made clothes, plastics, fruits have increased, says report
Expectations of an increase in demand for green beans, according to Al-Amry
General manager of the company Reda Mohamed said, in the coming period, Grand Egypt aims to expand in the production of oranges, garlic and pomegranates to meet the needs of the markets to which it exports.
Establishing two new production lines, with investments of $2.5m, according to Anis
Ehab Sharaf, chairperson of the company, said ITC seeks to increase the volume of its exports by cultivating 100 feddans of sweet potatoes for export to European markets.
Company invests EGP 25m in onion packaging, targets 20% in exports: Sarhan
The CAPMAS attributed the decrease in exports value to the decrease of some commodities, such as petroleum products by 31.1%, crude oil by 17.2 %, fertilisers by 20.1%, plastics by 4.1%.
14.8% decrease in imports value during July Y-O-Y, says CAPMAS
“We plan to increase our investments in local market to $15bn,” says Chinese ambassador
Egypt’s non-oil exports hike by 3% reaching $17.65bn
IPA targets setting Egypt as regional hub for its exports to Africa, EU, says Chairperson
On the other hand, Egyptian imports from the US rose to $2.7bn in the same period, increasing by 4.1% y-o-y. Top US exports to Egypt are grains and animal feed with $293.7m, while boilers, machinery, equipment, and spare parts recorded $191.8m, meat accounted for $ 165.7m.
The United States is the world’s largest importing country, with $2.6tn, followed by China with $2.1tn. However, the European Union is, collectively, the world’s largest importer, sending $6.5tn on imports.
G7 net investments in Egypt up 5.7% in H1 of FY 2018/19
Country’s non-oil exports record $13.037bn in 1H19, says GOEIC
Egypt’s exports hiked by 1.6% in May, reaching $2.68bn
The council’s delegation will include 25 Egyptian companies, and aims to maximise the competitiveness of Egyptian various products in international markets, and learn about investment and export opportunities available in Ghana, Abu Al-Makarem added in a press statement
Egypt’s exports to France reach $862m, up from $578m in 2017, according to Youssef
The UAE`s imports from Egypt hiked by 10.5% in 2018, recording $2.1bn, up from $1.9bn the previous year.
Egypt’s trade office in Jordon added in its economic report that the trade exchange between the two countries during the first quarter (Q1) of 2019 hiked by about 108.2%, recording $408.6m.
Brazilian imports from Arab states grow by 11.5% to reach $3,521.08m in H1 of 2019
In its annual bulletin of Egypt’s trade exchange in 2018, the CAPMAS added that Egypt’s exports to GAFTA topped the list, valued at $9.4bn in 2018, down from $9.8bn in 2017, a decrease of 3.5%.
El-Shaarawy told Daily News Egypt that the bank is currently completing the regulatory and structural framework of the company, determining shareholders’ stakes, and the CBE’s contribution in the company.
“We aim to increase Egyptian exports to Africa to 4% of continent’s imports,” says Nassar
Business mission likely to visit Egypt in September, says Indonesian ambassador
Additionally, palm oil exports in its solid form recorded a decrease of $43.7m, with a drop of 47.6%, in addition to natural rubber, which decreased by 6.8%