Egypt-Germany trade exchange registers $2.1bn in H1 of 2020

Egypt and Germany trade exchange reached $2.1bn during the first half (H1) of 2020, according to Egypt’s Minister of Trade and Industry Nevine Gamea.

This comprises $290m in Egyptian exports and $1.82bn in imports from Germany, Gamea said.

The minister noted that the most important Egyptian exports to Germany include building materials; agricultural crops; ready-made clothes; and products of chemical, fertilisers, and food industries. In turn, the most important Egyptian imports from Germany include engineering, electronic, and medical products.

During a Tuesday virtual meeting with German Ambassador to Egypt, Cyril Nunn, Gamea said that Egyptian-German economic relations are currently being further developed both commercially and industrially.