Latest in Trade Highlight
Latest in Trade
Trade balance deficit down by 27.1% in September: CAPMAS
The trade balance deficit dropped by 27.1% in September 2016 to EGP 22.66bn, compared to EGP 31.08bn in September 2015, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) monthly bulletin on foreign trade statistics. In a statement issued on Tuesday, CAPMAS noted that the deceleration happened because the value of exports increased …
281 ships transit the Suez Canal in 6 days carrying 15.8m tonnes
Suez Canal traffic data showed that 281 ships transited the canal, with a total load of 15.8m tonnes, from 26 November to 1 December. An average of 46.83 ships transited the canal per day during that period, with an average load of 2.63m tonnes per day. The average load per ship was about 56,230 tonnes …
279 ships transit Suez Canal in 6 days carrying 15.3m tonnes
Suez Canal traffic data showed that 279 ships transited the canal, with a total load of 15.3m tonnes, from 19-24 November. A daily average of 46.5 ships transited the canal during that period, with an average load of 2.55m tonnes per day. The average load per ship was about 54,840 tonnes during that period. Compared …
Egyptian products to be sold in 275 outlets in Iraq’s Kurdistan: Industry and Foreign Trade Ministry
Egyptian companies will showcase their products for free for the first two years
263 ships transit the Suez Canal in 6 days carrying 15.8m tonnes
Suez Canal traffic data showed that 263 ships transited the canal, with a total load of 15.8m tonnes, from 12-17 November. An average of 43.83 ships transited the canal per day during that period, with an average load of 2.63m tonnes per day. The average load per ship was about 60,070 tonnes during that period. …
Egyptian companies to export $12m worth of goods to Iraqi market: Trade Minister
Egyptian exports to the Iraqi market amounted to $782m in 2014 and $470m in 2015
Suez Canal Economic Zone: the Egyptian dream that could begin a renaissance
Hong Kong, Shenzhen, Singapore, Jebel Ali, Hamburg, Rotterdam, Tangier, and Panama are waterways that brought about major changes for their countries. However, the oldest waterway, the Suez Canal, has maintained its position as one of the world’s most important waterways since its opening on 17 November 1869. These other waterways around the world have managed …
Egypt aims to boost exports to $30bn, decrease imports to EGP 54bn
Exports have increased by $1bn since January, while imports declined by $7bn
270 ships transit Suez Canal in 6 days carrying 14.9m tonnes
Suez Canal traffic data showed that 270 ships transited the canal with a total load of 14.9m tonnes from 5-10 November. An average of 45 ships transited the canal per day during that period, with an average load of 2.48m tonnes per day. The average load per ship was about 55,200 tonnes. Compared to July …
Industry and Trade Ministry holds meeting with concerned ministries to study new costs of transporting food products
Industry and Trade Minister Tarek Kabil was commissioned by the prime minister to hold a meeting with Transportation Minister Galal Saeed, Supply Minister Mohammad Ali Meselhy, and President of the Federation of Egyptian Chambers of Commerce (FEDCOC) Ahmed El-Wakeel to study the fees for transporting food products following the increase in the prices of …
Deficit in trade balance down by 3.1% in August: CAPMAS
During August, the deficit in the trade balance recorded EGP 37.8bn, compared to EGP 38.9bn in August 2015, a decrease of 3.1%, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) monthly bulletin on foreign trade statistics. In a statement issued on Monday, CAPMAS noted that the deceleration happened because the value of …
Indian Tea Delegation visits Egypt to enhance trade relations
The delegation participated in an interactive session with the supply minister, Indian ambassador, and Egyptian executives
275 ships transit Suez Canal in 6 days carrying 15.2m tonnes
Suez Canal traffic data showed that 275 ships transited the canal, with a total load of 15.2m tonnes, from 22 to 27 October. An average of 45.8 ships transited the canal per day during that period, with an average load of 2.5m tonnes per day. The average load per ship was about 55,270 tonnes during …
Egypt declines in ‘trading across borders’ indicator due to terrorism: technical assistant to Trade Minister
In the ‘getting electricity indicator’ Egypt ranked 88 for 2017, compared to 114 in 2016, says the World Bank Group
Olive Mall targets to invade Omani market with 100 tonnes of pickles
Olive Mall for Food Industries Company targets to invade Oman’s market during the coming period to increase its exports to the Arab and Gulf markets to 700 tonnes of pickles a year. Alaa Badawi, chairperson of the company, said that Olive Mall is working on increasing the annual production capacity in order to access Oman’s …
Our company invests EGP 35m to produce starch from rice: Tiba Starch and Glucose Manufacturing chairperson
20% increase in production costs because of the US dollar price, 50% sales decline
Dutch Agro-Food exports register EGP 7.5m over 9 months
Exports of the Dutch company for packaging and food industries to European and the Arab markets registered EGP 7.2m over the first nine months of 2016. The company targets to achieve the same sales value of last year, which was EGP 8.5m, according to chairperson of the company Sayd Shaalan. He mentioned that the remaining …
$7bn decrease in Egypt’s imports over 9-month period: Trade and Industry Ministry
Exports on the other hand increased by $1bn over nine months, says minister
334 ships transit Suez Canal last week carrying 17.4m tonnes
Suez Canal traffic data showed that 334 ships transited the canal from 14 to 20 October, with a total load of 17.4m tonnes. An average of 47.7 ships transited the canal per day during that period, with an average load of 2.49m tonnes per day. The average load per ship was about 52,100 tonnes during …
Egypt exports EGP 7.9bn to Nile Basin countries, EGP 2.7bn in imports in 2015: CAPMAS
EGP 4bn was exported to Sudan and EGP 1.83bn to Kenya
275 ships transit Suez Canal in 6 days
Suez Canal traffic data showed that 275 ships transited the canal, with a total load of 16.8m tonnes, from 8-13 October. An average of 45.83 ships passed through the canal per day during that period, with a daily average load of 2.8m tonnes. The average load per ship was about 61,000 tonnes. Before the inauguration …
Deficit in trade balance down by 13.1% in July: CAPMAS
The deficit in the trade balance dropped by 13.1% in July to EGP 30.9bn, compared to EGP 35.6bn in July 2015, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) monthly bulletin of foreign trade statistics. In a statement issued on Wednesday, CAPMAS noted that the deceleration happened because the value of exports …
No intention to ban imports of finished goods: trade and industry minister
Media reports claim the government is considering banning the import of 15 finished goods worth up to $10bn
226 ships transit the Suez Canal in first week of October
Suez Canal traffic data showed that 226 ships transited the canal from 1 to 5 October 2016, with a total load of 11.8m tonnes. An average of 45.2 ships transited the canal per day during that period, with an average load of 2.36m tonnes per day. The average load per ship was about 52,200 tonnes. …
15.8% decline in shipments traded through Damietta port in August
The was a 5.7% decline in the use of jetties on the port’s platforms
Suez Canal Authority studies collecting fees in yuan after adding it to SDR units
This move would aim to enhance the flexibility of collection
111% increase in Egyptian exports to Cyprus: Trade Minister
The balance of trade with Cyprus has reached a €13m surplus for Egypt, says the minister
Suez Canal Authority discounts target ships passing through US east coast, east Asia ports
The discounts currently being studied by the authority target shipping lines that include 20-30 long-haul ships, say sources
Trade war targets Egyptian products
Poor policies, mismanagement, and opportunistic rivalries are all to blame for the international assault on Egyptian products
311 ships transit the Suez Canal in the past week, carrying 18.28m tonnes
Suez Canal traffic data showed that 311 ships transited the canal, with a total load of 18.28m tonnes, from 16 to 22 September 2016. An average of 44.43 ships transited the canal per day during that period, with an average load of 2.611m tonnes per day. The average load per ship was about 58,780 tonnes …