Egypt’s trade with U.S. rises 15.6% in January – CAPMAS

Trade exchange between Egypt and United States rose 15.6 percent to around $486.765 million in January from $410.547 million in the same period last year, according to a report.

U.S. seized 6.5 percent out of the total value of foreign trade worth $7.449 billion last January, said Egypt’s state-run statistics agency CAPMAS said in a bulletin sent to Amwal Al Ghad on Wednesday.

“U.S. ranked fourth in terms of being one of the biggest states importing from Egypt last January, capturing 5.6 percent of the Egyptian exports,” CAPMAS said.

United States’ imports from Egypt reached around $130.458 million against $110.263 million, marking a 183.3 percent growth.

“Egypt’s most important exports to U.S. represented in garments and clothing accessories not knitted of $49.768 million, 20.6 percent growth from $41.259 million, followed by garments and clothing accessories of knitted of $32.529 million, 36.2 percent surge from $23.876 million last January,” the report added.

U.S. imported carpets, textile, floor coverage of $10.435 million, 3 percent rise from $10.128 million as well as salt, sulphur, earths stone, and cement worth $5.371 million, 38.8 percent increase from $3.87 million.

Meanwhile, Egypt’s exports of aluminum and articles thereof dropped 20.1 percent to $7.885 million against $9.875 million last January.

“United States ranked third in terms of being one of the biggest countries exporting to Egypt last January, capturing 7 percent of the Egyptian imports,” CAPMAS said.

U.S. exports to Egypt registered around $356.30.7 million, compared with $300.284 million, marking an 18.7 percent surge.

Egypt’s most important export to U.S. represented in oil seeds, oleaginous fruit, and fodder of $69.847, 41.7 percent up from $49.288 million, followed by oil, mineral fuels, and distillation products of $60.868 million from $30.379 million, marking a 100.4 percent increase.

“Egyptian exports of iron of steel articles to U.S. rose 38.8 percent to $36.312 million from $26.168 million, along with cereals exports of $27.973 million, 5505.8 percent up from $499,000,” the agency said.

U.S. imported iron and steel worth $25.536 million against $275,000 in January, marking a 9185.8 percent surge.