Latest in Trade Highlight
Latest in Trade
Egyptian exports to US increase 27.5% in 2019: CAPMAS
Egyptian exports to US equivalent to 7.2% of Egypt’s total exports in 2019
Egypt sees 3.2% export increase to world trade organisations in 2019: CAPMAS
COMESA countries followed with Egyptian exports reaching $2.1bn in 2019, an increase of 11.3% on the $1.9bn in 2018.
Industry Minister explores development of export support programme
Ministry conducts comprehensive review of industrial lands to prevent land hoarding
Egypt’s exports rise 2% in H1 2020, against global declines of 20%-30%
China accounts for over 20% of trade, 16% of FDI in Africa, says Union of African Chambers
Egypt reports $2.36bn trade deficit in April: CAPMAS
Decline attributed to decreased value of some commodities, including fertilisers, petroleum products, and assorted edibles
Egypt extends alcohol export ban for further 3 months
Gamea said the decision is to ensure that the needs of Egypt’s citizens and medical institutions are provided for during the ongoing coronavirus (COVID-19) pandemic.
Non-oil imports decrease 21.2% between January and April: CAPMAS
Non-oil exports declined 1.8% to $8.707bn between January and April compared to figures for the same period in 2019
COMESA adopts guidelines for cross-border movement of essential goods, services
CBC recommends member states ease movement of essential transit cargo across region
Abu Tartur Port to remain operational during Eid Al-Fitr holidays
Trade, Industry Ministry issues urgent instructions for port to remain functional
Trade deficit down 51.4% in February: CAPMAS
Egypt’s exports rise by 3.3% to $2.69bn in same month
30.3% decrease in January trade balance
Exports increased by 1.4 % to reach $2.48bn in January 2020, compared to $2.45bn for the same month of the previous year. This is due to the decreased value of some commodities such as crude oil by 102.6%, fertiliser by 7.3%, and various food preparations by 18.1%, among other items.
Nouna establishes tomato paste factory with EGP 26m investments
Factory on an area of 10,000 sqm in partnership with Jordanian company: Fathy
Mork Trading Inc markets Egyptian nuts in Gulf
Al-Faris pointed out that Mork has participated in the last three sessions of the Food Africa exhibition, which is held in Cairo, and will be participating in the current session of the Gulfood exhibition in Dubai to market its nut products.
Egypt’s trade deficit decreases 10.8% to $3.45bn in December 2019: CAPMAS
Exports of crude oil, ready-made clothes, plastics, fruits have increased, says report
Luna Verde Export & Agri Investment to raise its exports to €28m this season
Expectations of an increase in demand for green beans, according to Al-Amry
Grand Egypt invests EGP 8m to add 1,000 feddans to its land
General manager of the company Reda Mohamed said, in the coming period, Grand Egypt aims to expand in the production of oranges, garlic and pomegranates to meet the needs of the markets to which it exports.
Elwadi Export Co. for Agricultural Products aims to export 100,000 tonnes in 2020
Establishing two new production lines, with investments of $2.5m, according to Anis
ITC to export 1,500 tonnes of sweet potatoes to Europe this year
Ehab Sharaf, chairperson of the company, said ITC seeks to increase the volume of its exports by cultivating 100 feddans of sweet potatoes for export to European markets.
Fruttella sales reach EGP 170m last year
Company invests EGP 25m in onion packaging, targets 20% in exports: Sarhan
Egypt’s trade deficit declines 32.2% YoY in October 2019: CAPMAS
The CAPMAS attributed the decrease in exports value to the decrease of some commodities, such as petroleum products by 31.1%, crude oil by 17.2 %, fertilisers by 20.1%, plastics by 4.1%.
18.9% decrease in Egypt’s trade balance deficit in July Y-O-Y:CAPMAS
14.8% decrease in imports value during July Y-O-Y, says CAPMAS
China Trade Fair Egypt 2019 wraps up its activities Monday
“We plan to increase our investments in local market to $15bn,” says Chinese ambassador
$80m decrease in Egypt’s trade deficit y-o-y during 8M of 2019
Egypt’s non-oil exports hike by 3% reaching $17.65bn
‘Agribusiness Expo’ opportunity to boost Egypt-Indonesia trade relations: Embassy
IPA targets setting Egypt as regional hub for its exports to Africa, EU, says Chairperson
Egypt-US trade exchange increases by 8% in 1H 2019: CAPMAS
On the other hand, Egyptian imports from the US rose to $2.7bn in the same period, increasing by 4.1% y-o-y. Top US exports to Egypt are grains and animal feed with $293.7m, while boilers, machinery, equipment, and spare parts recorded $191.8m, meat accounted for $ 165.7m.
Trade war threatens global trade landscape
The United States is the world’s largest importing country, with $2.6tn, followed by China with $2.1tn. However, the European Union is, collectively, the world’s largest importer, sending $6.5tn on imports.
8.8% hike in Egypt’s exports to G7 in 1H19, recording $3.8bn: CAPMAS
G7 net investments in Egypt up 5.7% in H1 of FY 2018/19
Egypt allocates EGP 6bn to stimulate exports in FY 2019/20
Country’s non-oil exports record $13.037bn in 1H19, says GOEIC
24.6% decline in Egypt’s trade deficit in May
Egypt’s exports hiked by 1.6% in May, reaching $2.68bn
Egyptian business delegation to visit Ghana in September to promote exports
The council’s delegation will include 25 Egyptian companies, and aims to maximise the competitiveness of Egyptian various products in international markets, and learn about investment and export opportunities available in Ghana, Abu Al-Makarem added in a press statement