Qatar-Egypt trade exchange rises 3.4% in first nine months of 2017

The volume of trade exchange between Egypt and Qatar rose by 3.4 percent, reaching around $1.346 billion during the first nine months of 2017, Egyptian state-run statics agency CAMPAS said Sunday.

Trade exchange earlier stood at $1.301 million during the first nine months of 2016, CAMPAS further added in a bulletin sent to Amwal Al Ghad.

Qatar captured 13.6 percent share of Egypt’s trade exchange with the Gulf Cooperation Council (GCC) states, recording about $9.858 billion during the January to September 2017 period.

In September 2017, trade exchange between Egypt and Qatar fell 29.7 percent to $131.335 million from $185.202 million during the same period in 2016.

“Egyptian imports from Qatar increased 2.4 percent to around $1.122 billion during the first nine months of 2017, compared with $1.096 billion during the same period in 2016,” CAMPAS referred.

The imports dropped by 29 percent, reaching $116.202 million during last September against $163.664 million a year earlier.

“Egypt’s exports to Qatar surged by 8.6 percent to $223.695 million during the January-September 2017 period from $205.937 million during the same period in 2016,” CAMPAS said.

The volume of foreign trade between the two countries jumped by 86 percent to register $1.812 billion in 2016 from $1.039 billion in 2015.