5 states seize 27.6% of Egypt’s exports in first 11 months of 2018

Big 5

Five countries captured 27.6 percent of Egypt’s total exports to register $7.325 billion during the January-November 2018 period from $6.285 billion in 2017.

The five states are Italy, Spain, Turkey, China, and United States.

Last November, Egypt’s exports to the five countries increased 33.8 percent to $725.954 million against $542.571 million during the same month in 2017, the state-run statics agency CAPMAS announced on Saturday.

“Italy ranked the first in terms of importing from Egypt to seize 7.2 percent of the Egyptian exports during the first 10 months of 2018,” CAPMAS said.

Italy’s imports from Egypt fell 4.2 percent to $1.92 billion during November 2018, compared with $2.004 billion during the same period in 2017.

“Egypt’s most important exports to the Italian market are mineral fuels including oil, at a value of $661.882 million during the January-November 2018 period from $899.214 million in 2017, marking a 26.4 percent fall,” the agency showed.

Mineral fuels including oil were followed by aluminum, iron and steel, plastics, and cotton.

Turkey ranked the second in terms of being one of the biggest importing states from Egypt during the first 11 months of 2018 to capture 6.8 percent out of the Egyptian exports.