Twelve percent of Egypt’s exports directed at Arab markets
Egypt has exported one billion Egyptian pounds (2.34 million) worth of merchandise to the Arab world from January 2001 through June 2001. This figure constituted 12.3 percent of Egypt’s total exports during the same period, reported Al-Ahram< daily, citing a report by the Egyptian Public Statistics Bureau.
Egypt imported EP two billion worth of merchandises from the Arab world during the first half of the current year, constituting 9.9 percent of Egypt’s total international imports during this time.
Pan-Arab trade presently stands at $30 billion, considered relatively low compared with exchanges between the Arab world and international markets, which amount to $300 billion per annum. The value of the pan-Arab investments stands at $3 billion per annum, also considered a small amount. — (Mena Report)
© 2001 Mena Report (www.menareport.com)