Egypt-Saudi Arabia trade rises 19.6% in 2018: CAPMAS

Big 5

The volume of trade exchange between Egypt and Saudi Arabia increased 19.6 percent to $7.068 billion in 2018 from $5.686 billion in 2017, according to a recent report.

Last December, the volume of trade between the two countries fell 16 percent to $543.267 million against $630.748 million during the same month in 2017, Egypt’s state-run statics agency CAPMAS announced in its bulletin on Monday.

“Saudi Arabia captured 4.9 percent of the Egyptian exports in 2018,” CAPMAS said, adding that Saudi imports from Egypt dropped 8.6 percent to $1.429 billion last year from $1.564 billion a year earlier.

Last December, Saudi exports went up by 3.2 percent to $152.632 million, compared with $147.881 million during the same period in 2017.

“Saudi Arabia seized 7 percent of the Egyptian imports last year,” the agency showed, adding that Saudi exports climbed 36.8 percent to $5.639 billion from $4.122 billion a year earlier.

In December, Saudi Arabia exported products worth $390.635 million, compared with $482.867 million in 2017, marking a 36.8 percent growth.

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