Egypt’s exports to G7 states surge 8.8% in Jan-June 2019: CAPMAS

Egypt’s exports to the G7 countries increased 8.8 percent year-on-year in the first half of 2019 to $3.8 billion, compared to $3.5 billion in the same period a year earlier, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement.

The US topped the list of G7 importers of Egypt’s products with imports estimated at $1 billion in January-June 2019, followed by Italy and the UK with imports totaling $951.7 million and $719.1 million in the same period, it added.

The statement pointed out that Egyptian imports from the G7 countries saw a 2-percent increase, recording $8.7 billion in the first six months of 2019, up from $8.5 billion during the same period last year.

The US also came first in the list of G7 exporters to Egypt in the first half of 2019, with exports hitting $2.7 billion, followed by Germany and Italy with exports estimated at $2.1 billion and $1.5 billion respectively.

Source: MENA