Egyptian exports to UAE hike 149% in 6 months: CAPMAS

The total volume of Egyptian exports to UAE hiked by 149.1 percent during the first half of 2016.

Egypt’s total exports to UAE registered 10.3 billion Egyptian pounds (US$1.1 billion) in January-June 2016 opposed to 4.1 billion pounds at the same period of 2015.

In its bulletin on state’s foreign trade, Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) stated that Egypt’s exports to UAE soared by 219.7 percent in June 2016 to 2 billion pounds versus 620 million pounds in August 2015.

Egypt’s exports of pearl and gemstones to the Emirati market recorded 6.2 billion pounds during the first six months of 2016 versus 267.9 million pounds a year earlier, soaring by 2219.6 percent and seizing 60 percent of Egyptian exports to UAE.

The bulletin stated that Egypt’s tobacco exports increased by 314.7 percent in January-June 2016 to 198.1 million pounds from 47.8 million pounds at the same period of 2015.

It also showed that Egypt’s furniture exports registered 267 million pounds during the first half of 2016 compared to 235.9 million pounds a year earlier, marking a 13.2 percent increase.

On other side, the total volume of Egypt’s exports of machines, and electric sets declined by 38.2 percent to 943.2 million pounds during the first six months of 2016 opposed to 1.5 billion pounds at the same period of 2015.