Egyptian exports to Russia rise 27% in first seven months of 2017

Egyptian exports to Russia increased to $387.9 million (27.4 percent) year-on-year between January and July of 2017, state-run news agency MENA quoted Egyptian ambassador to Moscow Ehab Nasr as saying during a roundtable held by the Egyptian Businessmen Association on Tuesday.

The boost was driven by an increase in agricultural exports including potatoes, onions, garlic, strawberries, fresh and frozen grapes, medicinal, and aromatic plants, as well as home appliances and furniture.

Russia’s exports to Egypt reached $1.978 billion– a 12.2 percent increase– between January and June 2017, compared to $1.763 billion in the same period in 2016, Nasr added.

Wheat made up 33.9 percent of Russian exports to Egypt between January and July at $669.7 million, while petroleum exports made up 12.4 percent of exports at $245.3 million, Nasr said.

Trade between Russia and Egypt increased 32.2 percent year-on-year in the first eight months of 2017, reaching $3.2 billion, according to Reuters.

Source: Ahram online