Egypt’s import bill from China falls 20.3% in first nine months of 2017

The value of Egypt’s import bill from China fell by 20.3 percent, reaching around $5.87 billion during the first nine months of 2017, said Egyptian state-run statics agency CAMPAS on Monday.

Import bill earlier rose to $7.365 billion during the first nine months of 2016.

“Egyptian imports from China dropped 64.7 percent to $570.708 million last September from $669.361 million during the same period in 2016,” CAMPAS further added in a bulletin sent to Amwal Al Ghad.

China captured 12.4 percent share of Egypt’s imports during the January-September 2017 period, recording about $47.257 billion.

“Egypt’s imports from China included mainly woven fabrics of synthetic staple fibres, which registered around $175.6 million during the first nine months of last year versus $130.106 million during the same period in 2016, marking a 35 percent increase,” CAMPAS referred.

In September 2017, imports rose by 84 percent to $26.056 million from $14.162 million a year earlier.

Egypt’s import bill of mobile devices equipped with GPS from China declined 25.6 percent to $165.964 million during the January-September 2017 period, against $223.151 million during the same period in 2016.

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