Egypt posts trade exchange $5.3B with the world in 11 months

Egypt posts a total trade exchange  with the countries of the world during the first eleven months of 2019 hit about $5.34 billion, compared to $6.36 million in the same period in 2018, with a decline of about $1.02 billion, according to the CAPMAS’ trade bulletin.

The bulletin included the trade exchange between Egypt and the most important countries in the world during November 2019, and the period from January-November 2019, compared to 2018.

CAPMAS revealed that the trade exchange between Egypt and African countries slightly rose during 2019 to reach $131.35 million, up from $128.74 million in 2018.

Kenya topped the list of the most important African countries in trade exchange with Egypt, as the volume of trade exchange reached about $17.69 million in 2019, compared to $20.49 million in the same period of 2018, with a decline of nearly $2.79 million.

In the second place came South Africa, as trade exchange recorded about LE6.52 million during 2019, compared to $4.64 million in the same period in 2018, with an increase of about $1.87 million.

Moreover, Ethiopia ranked third with a trade exchange that amounted to about $175,000 in 2019, compared to $1.29 million in 2018, witnessing a decrease of about $1.12 million.

Egypt headed the African Union during 2019, and Egyptian President Abdel Fatah al-Sisi attended the 33rd African Union Summit in Addis Ababa, where Egypt handed over the presidency of the AU to South Africa.

“Foreign Minister Sameh Shoukry chaired the 36th session of the Executive Council of the African Union in Addis Ababa earlier this month, and reviewed the achievements made in Africa during Egypt’s presidency of the AU,” the Foreign Ministry spokesman said.