Egyptian non-oil exports rise 7% in March

Egyptian non-oil exports grew by 7 percent, exceeding $2.2 billion last month, as shown by the data of the Ministry of Trade and Industry.

The General Organisation for Export and Import Control (GOEIC) reported an increase in Egyptian non-oil experts to $2.22 billion in March 2018, up from $2.08 billion for the same period last year.

Trade and industry minister Tarek Kabil recently noted that Egyptian exports grew 14% year-on-year by the end of the first quarter of 2018.

Consumer exports to the European Union (EU) surged by 21 percent last year to EUR 8.1 billion, compared to EUR 6.7 billion in the year before.

Trade exchange between Egypt and the EU reached a total of EUR 28 billion by the end of 2017, compared to EUR 27.3 billion in 2016, as shown by official data.

The European Union is currently the biggest trade partner for Egypt, dominating 22.7% of Egyptian exports, according to Kabil.