88% increase in Egypt's exports to Cyprus: ECS

CAIRO - 31 October 2017: Egypt's commodity exports to Cyprus stood at Euro 22.5 million during the first seven months of 2017, compared with Euro 20.5 million in 2016.

With an 88-percent increase, Egypt's exports to Cyprus between January-July 2017 did not include petroleum products due to the emergence of new products among Egypt's exports, according to a report issued by the Egyptian Commercial Service Office (ECS) on Tuesday.

The volume of trade exchange between Egypt and the eastern Mediterranean country during January-July 2017 has increased by 42.4 percent to reach Euro 41.3 million, compared with Euro 29 million during the same period in 2016.

Egypt's exports of produce have doubled due to the efforts of the ECS to promote Egyptian products in cooperation with Egyptian exporting countries.

Egypt's exports of iron coils, steel and cables went up in light of the revival of Cyprus construction sector.

As for Egypt's imports from Cyprus, the report showed that they witnessed an increase of 57.4 percent between January-July 2017 to hit Euro 18.8 million, compared to eight million Euro during the same period of 2016.