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Export Development Fund spends EGP 291m on 12 companies under stimulating investment initiative
The CAPMAS attributed the decrease in exports value to the decrease of some commodities, such as petroleum products by 31.1%, crude oil by 17.2 %, fertilisers by 20.1%, plastics by 4.1%.
The new levels mark the best annual performance since 2013 and yet may put in a return not seen since 1997 depending on trading on the final two days of the year next week.
Unfortunately, Egypt’s export value decreased by 2.7% in September, amounting to $2.37 bn during September, down from $ 2.43 bn in September 2018, the CAPMAS added in its monthly bulletin of Foreign Trade Data.
Trade union of public transport workers said it does not oppose development
Imports also witnessed a decline of 3% to record $57.709bn compared to $59.336bn during the same period last year with a decrease of $1.660bn.
15.1% increase in Egyptian exports to Sahel and Sahara countries to record $3.136bn
Hashem noted that the Made in Africa workshop represents an important step to support the joint African action and one of the efforts exerted by Egypt in cooperation with other African countries to achieve the objectives of the African agenda and executive steps to achieve comprehensive and sustainable industrial integration in Africa.
Value of some exported commodities increased during this August compared to the same period of the previous year, such as ready-to-wear clothing by 1.1 %, plastics by 1.9 %, soaps and cleaning products by 54.5 %, fresh fruits by 23.3%, tiles and sanitary ware by 31.2 %.
Egypt’s imports scored $66.529bn, while exports reached $28.495bn between July 2018 and June 2019
Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
14.8% decrease in imports value during July Y-O-Y, says CAPMAS
Egypt’s non-oil exports hike by 3% reaching $17.65bn
IPA targets setting Egypt as regional hub for its exports to Africa, EU, says Chairperson
However, China’s trade exchange with other countries increased by 3.8% in 1H 2019 which affirms the solid position of the its economy despite the tensions with the US, the ambassador reassured.
The United States is the world’s largest importing country, with $2.6tn, followed by China with $2.1tn. However, the European Union is, collectively, the world’s largest importer, sending $6.5tn on imports.
Egypt’s exports hiked by 1.6% in May, reaching $2.68bn
The projects, worth €110m come as part of the €500 Single Support Framework (SSF) for EU to Egypt 2017-2020.
Tawfik opened the ‘Gosour for International Trade in Eastern and Central Africa’ conference in the presence of Minister of Trade and Industry, Amr Nassar, and Chairperson of the Arab Organization for Industrialization, Abdel-Moneim Al-Tara.
“We aim to increase Egyptian exports to Africa to 4% of continent’s imports,” says Nassar
We are committed to supporting Egypt’s reform agenda, says British ambassador
According to the bulletin, the deficit value of the trade balance reached $4.15bn during March 2019, versus the $3.77bn for the same month of previous year, which is an increase of 10.1%
Both countries’ economic reforms to positively reflect on development of joint cooperation, says Ukrainian ambassador
Many difficulties hinder Egyptian goods to access new markets like central Asia, says expert
The report added that the UAE is the largest Arab importer of Egypt’s products in February 2019, with a total export of $177.9m, compared to $202.4m during February 2018, a decrease of 12.10%
International Monetary Fund chief Christine Lagarde said trade tension was the “major” headwind facing the global economy, telling Japan’s Nikkei daily it was a “significant risk on the horizon.”
Vodafone’s expertise will play a pivotal role in the digital transformation of the healthcare service in Egypt and facilitate its accessibility to all Egyptians, the statement noted.
Fourteen countries account for 60.62% of Egypt’s foreign trade volume, led by China
Egypt trade deficit reached $3.63bn in February 2019, versus $3.72bn in the same month of the previous year, a decrease of 2.7%.
‘China will never yield to US pressure, will not compromise on matters of principle,’ says People’s Daily