5 states seize 37.9% of Egypt’s imports in first 10 months of 2018

Five countries captured 37.9 percent out of Egypt’s total imports to record $25.505 billion during the first ten months of 2018 up from $17.793 billion in 2017.

The five states are China, Russia, Turkey, Saudi Arabia, and United States.

Last October, Egyptian exports to the five countries went up by 58 percent to $2.927 billion from $1.852 million during the same month in 2017, Egypt’s state-run statics agency CAPMSA said in its recent bulletin on Sunday.

China ranked first in terms of exporting to Egypt during the January-October 2018 period to capture 14 percent out of Egypt’s exports to reach $9.408 billion, versus $6.71 billion a year earlier, marking a 40.2 percent growth.

“Egypt’s most important imports from China included electrical equipment worth $2.705 billion from $1.649 billion, followed by articles of iron or steel of $463.077 billion from $305.518 million,” CAPMSA said.

Saudi Arabia ranked second in terms of exporting to Egypt during the first ten months last year, seizing 7.2 percent out of the Egyptian total imports, to register exports of $4.82 billion from $3.291 billion in 2017.

United States is in the third position to be one of the biggest exporting countries to Egypt during the first ten months of 2018 to capture 6.7 percent out of Egypt’s total imports.

“United States’ exports to Egypt increased 40.7 percent to about $4.53 billion, compared with $3.22 billion in 2017,” the agency added.

Russia is in the fourth position to be one of the biggest exporting states to Egypt to seize six percent of Egyptian imports, followed by Turkey.