Egypt-Russia trade exchange jumps 75% in Q1

The volume of trade exchange between Egypt and Russia hiked 75 percent during the first quarter of 2018, registering more than $1.66 billion during the three-month period ended March 2018.

Russian exports to Egypt recorded $1.472 billion during the first quarter of the year, while Egyptian exports to Russia went up $192 million in the same period, acting Russian trade representative in Cairo Nikolai Aslanov told state-run news agency MENA.

Moscow’s wheat exports to Cairo reached $501 million, accounting for 34 percent of total Russian exports to the North African nation, Aslanov added.

Egypt’s fruit exports to Russia totalled $103 million in January to March period of 2018, representing 54 percent of Egypt’s total exports to Russia, while vegetables reached $60 million.