Egypt’s trade with India rises 11.2% in first quarter

The volume of trade exchange between Egypt and India rose 11.2 percent to $1.4 billion during the first quarter this year.

The trade balance between the two countries recorded an increase in the value of deficit in favor of India, standing at $382 million during the period between January-April 2019, a statement by Egyptian Commercial Service (ECS) said on Sunday.

Egypt’s exports to India recorded a notable increase of 10 percent during the first four months of 2019, compared with the same period in the previous year.

Alongside petroleum products, Egypt’s exports of cotton, leather and glass to the Asian country saw a noticeable increase, a statement issued by the ECS in New Delhi on the trade and investment relations between the two countries indicated.

Source: MENA