The volume of trade exchange between Egypt and other countries during the period from July to September 2017 was about $20.621 billion, according to the Central Bank of Egypt (CBE).
According to a recent CBE report, the volume of Egypt’s imports from the rest of the world during that period came to about $14.781 billion, while exports amounted to about $5.836 billion. Egypt's trade deficit was $8.945 billion.
According to the CBE, the volume of trade exchange between Egypt and 14 countries, which are considered the 14 most important trading partners of Egypt, was $12.128bn, or equivalent to about 60% of Egypt’s total trade with the rest of the world.
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The CBE pointed out in its report that the value of Egyptian exports to these countries was about $3.904bn, while the value of Egyptian imports from these countries amounted to $8.224bn.
According to the report, the UAE was Egypt’s most important trading partner, as the value of trade exchange between the two during that period was about $1.465bn, of which $870.5m was imports and $594.9m exports.
China came second at $1.347bn in trade exchange; $1.264bn in imports and $82.1m in exports.
Italy ranked third among Egypt’s most important trading partners during the period from July to September 2017, as the value of trade with Egypt was $1.079bn, of which $534.5m was imports and $544.5m exports, according to the CBE.
In fourth place came the United States, with a trade exchange value of $1.048bn, of which $637.2m was imports and $411.1m was exports.
Germany ranked fifth in terms of Egypt’s most important trading partners, with a value of trade exchange in that period equivalent to $1.044bn, of which $754.6m was imports and $289.5m exports.
According to the CBE, Saudi Arabia ranked seventh among Egypt’s most important trading partners, with a total trade value of about $850.1m, of which $626.1m was imports and $224m exports.
© 2019 Daily News Egypt.