Egypt’s trade flow surges by over 200% in 10 yrs: Study

CAIRO – 7 September 2017: Egypt’s foreign trade flow has grown 273.5 percent in 10 years to stand at $737 billion in 2015, compared to $197.3 billion in 2006, the state’s statistics body, CAPMAS, said in a study published Wednesday.

The study, which focused on global trade, stated that total world exports recorded $15.98 trillion in 2015, to which Egypt contributed $21.9 billion, CAPMAS reported.

As for global imports, it marked $16 trillion, of which Egypt shaped $74.4 billion.

Egyptian exports to the Common Market for Eastern and Southern Africa (COMESA) countries increased 290.6 percent in 2015, CAPMAS said, stating that top exported products include dairies, sugar, fruits, vegetables, petroleum products and cosmetics.

Egypt trade balance deficit declined 43.8 percent to stand at $2.32 billion in May 2017, down from $4.14 billion in the same month of the previous year.

The value of exports rose 8.8 percent year-on-year to $2.28 billion compared to $2.09 billion in the year-ago period.