Egypt exports LE 7.7B in petroleum products to 7 Asian countries

CAIRO – 3 December 2017: Egypt exported petroleum products worth LE 7.7 billion in 2016 to seven Asian countries, namely India, China, Malaysia, Japan, Singapore, South Korea and Bangladesh, the Central Agency for Public Mobilization and Statistics (CAPMAS) said Sunday.

India came on top of the list, importing 44.9 percent of total Egyptian petroleum exports to these seven countries, with a value of LE 3.4 billion, followed by China with 42.7 percent of exports, at a value of LE 3.3 billion.

Singapore came third with 10.8 percent, followed by Japan with 1.5 percent.
Malaysia and South Korea, meanwhile, came at the bottom of the list, with Egypt exporting petroleum products worth LE 300,000 to each country.

A recent report by CAPMAS showed that bilateral trade between Egypt and Asian countries declined to $23.1 billion in the first eight months of 2017, compared to $24.3 billion in the same period in 2016.

Around $16.6 billion from the total amount were imports, while $6.5 billion were exports to Asia.

The report said that exports to China recorded $420.5 million, while imports reached $5.2 billion during that period. This was followed by $1.6 billion in imports from India, and $507.8 million in exports.