Bilateral trade with China sees 26.7% hike in 8 months: GAC

BEIJING - 8 October 2018: Bilateral trade between Egypt and China has witnessed a 26.7 percent annual increase in the first eight months of 2018, hitting $8.83 billion by the end of August, said a statement issued by the General Administration of Customs (GAC) on Monday.

Chinese exports to Egypt increased by 24.8 percent to stand at $7.61 billion; there has also been a 40.2 percent increase in Chinese imports from Egypt, the statement added.

During August 2018, bilateral trade volume stood at $1.92 billion with Chinese exports estimated at $1.11 billion, while Chinese imports from Egypt amounted to $183 million.