Egypt-Ukraine trade exchange hit $1.2 bln in H1 2017

The volume of trade exchange between Egypt and Ukraine registered $1.255 billion during the first half of 2017, compared to $1.206 billion during the same period last year, Trade and Industry Minister Tarek Qabil said.

He made this comment during  his meeting with the Ukrainian First Vice Prime Minister and Economic Development and Trade Minister Stepan Kubiv during his participation in the World Trade Organization’s 11th ministerial conference, currently being held in Buenos Aires, Argentine.

He added that the Egypt’s exports to the Ukrainian market has recorded an increase of 49.23 percent from January to June 2017.

Moreover, Egypt’s main exports to Ukraine include vegetables and fruits, especially oranges, potatoes and onions, pharmaceuticals, garments, polyethylene slabs, flat glass panels and detergents.

While Egypt’s imports include iron and steel and their products, corn, wheat, sunflower oil, soybeans, tobacco, tanker trucks, Urea and cows, he added.

A meeting between Egyptian and Ukrainian exporters will be held in January, Qabil noted.

The minister added that he received an invitation to visit Ukraine next year for talks with senior officials and attend the Egyptian-Ukrainian Business Forum.

For his part, the Ukrainian minister said that his country aims to enhance trade and investments with Egypt during the upcoming stage.