Egypt's foreign trade volume hit $27B in 3 months

CAIRO - 14 June 2019: Egypt's foreign trade volume recorded $27 billion during the first quarter of 2019, according to the state's statistics agency CAPMAS.

The Central Agency for Public Mobilization and Statistics (CAPMAS) added that Egypt's exports hit $7.4 billion, and imports reached $19.6 billion.

The bulletin revealed that the volume of Egypt's petroleum exports from total exports hit $1.063 billion and the volume of petroleum imports from total imports marked $2.2 billion.

"Exports to Arab countries during the three months of 2019 recorded $2.5 billion, and imports from Arab countries reached $3.024 billion," it read.

The bulletin noted that China, Saudi Arabia, America, Germany and Russia are the top five countries, from which Egypt imported by about $7.9 billion of total imports.

As per exports, Turkey, Spain, Saudi Arabia, America and Italy are the top five countries, to which Egypt exported by about $2.1 billion of total exports.

"Fuel and cotton were the highest exports' products by about $1.6 billion, while raw materials and durable goods were the top imports at about $3.6 billion," it showed.

In its monthly bulletin on foreign trade data, CAPMAS said that exports declined 3.9 percent to reach $2.58 billion in March 2019, compared to $2.68 billion during the same month of 2018.

CAPMAS announced earlier that Egypt’s trade deficit increased 10.1 percent during March 2019, recording $4.15 billion, compared to $3.77 billion in the same month of 2018.