China-Egypt bilateral trade records $4.18B in 4 months

CAIRO – 30 May 2019: China-Egypt bilateral trade volume reached $4.188 billion during the first four months of 2019, marking an increase of 7.6 percent compared to the same period in 2018, the General Administration of Chinese Customs said.

It added that China's exports to Egypt recorded$3.73 billion in the January-April 2019 period, with an increase of 13.2 percent on a year-on-year basis , while China's imports from Egypt hit$458 million in the same period, down 23.4 percent on YoY.

The volume of bilateral trade during April reached $1.029 billion,$939.6 million out of which came asexports from China to Egypt and $89.5 million as Chinese imports from Egypt.

In April, Economic and Commercial Counselor of the Chinese Embassy in Cairo Han Ping told MENA that the volume of trade exchange between Egypt and China jumped to $13.87 billion in 2018, compared to $10.8 billion in 2017. Han added that Egypt's exports to China increased last year to hit $ 1.8 billion.

Han asserted that his country had pumped investments worth $ 7 billion in 2018inseveral infrastructure and energy projects.