Trade exchange between Egypt, Russia hits $1.66B in Q1 2018

CAIRO - 7 June 2018: Russian trade representative in Cairo Nikolai Aslanov said that trade exchange between Egypt and Russia increased 75 percent during the first quarter of 2018 (from January to March 2018), recording $1.664 billion, compared to $1.472 billion during the same period last year.

In statements to MENA on Thursday, Aslanov said that Egypt's exports to Russia, including fruits, vegetables and clothes, are estimated at $192 million .

Russia's exports to Egypt included wheat, metals, gas and petroleum, Aslanov noted.

He added wheat represents 34 percent of the Russian exports to Egypt, at a value of $501 million, while metals represent 20 percent, at a value of $299 million.

The Russian official noted that 15 Russian delegations visited Egypt from January to April in 2018 to discuss the establishment of Dabaa nuclear plant and a Russian industrial zone in Egypt, as well as the implementation of gas and petroleum projects.