USA - Egyptian trade volume increases during the first half of 2010
The trade volume between Egypt and the USA increased significantly and reached US$4.2 billion during the first half of 2010 compared to US$3.5 billion during the corresponding period of last year, say a rise of 19%.
This dta came in the latest report received by Engineer Rashid Mohamed Rashid, Egypt's Minister of Trade and Industry and International Trade. The report, which is based on US figures, indicates the Egyptian exports to the United States rose to US$1.269 billion against US$953 million, a growth of 33% during the first half of 2010 compared to the corresponding period of 2009.
The report stated that this increase in exports to the United States of America was a result of a surge in Egyptian exports in the field of chemicals and pharmaceuticals which rose to US$125 million during the first half of 2010 compared to US$14 million during the same period last year.
- Malnourished economy: global hunger leading to $2 trillion loss in world GDP
- Going green: UAE looks to save Dh6.98b a year by 2030 with renewable energy
- Diversify and dump the slump in the GCC
- Supervising the stoners: Egyptian tobacco traders call for the legalization of cannabis
- Frozen: Arab Spring economies barely trading with one another
- GAC Jordan Reports 55% increase in Aqaba Port RoRo volumes during 1st half of 2009
- Dubai Tea Trading Centre registers 26 per cent growth in tea trade during first half of 2010
- Total exports of Bahrain in 2004 stood at BD2.83bn, an increase of 13.4% over 2003
- ITFC Supports Intra OIC Trade with More Than $1.25 billion During the First Half of the Year 1431H