Egypt’s trade with France 36.2% up in 5 months – report

Trade exchange between Egypt and France rose 36.2 percent to €1.212 billion during the first five months this year from €823.7 million last year, the Egyptian Commercial Service (ECS) said on Monday in a report on trade and investment between Egypt and France.

According to the report, Egypt’s exports to France recorded €334.2 million in the first five months of 2019 with an increase of 15.6 percent compared to the same period last year, the report said.

The Egyptian imports from France recorded €785.5 million in the first five months this year compared to €534.5 million in the correspondent period in 2018.

Wheat topped Egypt’s imports at a value of €106.4 million, followed by pharmaceuticals, which recorded €43.4 million.

The French investments in Egypt exceed €4.5 billion in the industrial sector, including food industries, chemicals, building materials, automotive, pharmaceuticals, banking, communications and logistics.

Source: MENA