Egypt sees sharp surge in trade volume with China

The volume of trade exchange between Egypt and China rose to $5.178 billion from January to June 2017, state news agency MENA reported Monday.

China’s exports to Egypt decreased by 20.79 percent on a year-on-year basis to $4.518 billion, MENA cited the latest statistics released by the Chinese General Administration of Customs as saying.

While Chinese imports from Egypt increased by 298.37 percent to reach $660 million, it added.

In June, the volume of trade exchange between Egypt and China amounted to $928 million.

Chinese imports from Egypt upped by 181.69 percent on annual basis to $80.58 million, while exports dropped by 17.83 percent to reach $847 million.

Egypt ranked 52nd in list of China’s largest trading partners.

Source: Xinhua