Home Tech/AIIndustry & Trade Egypt sees sharp surge in trade volume with China

Egypt sees sharp surge in trade volume with China

by Yomna Yasser

The volume of trade exchange between Egypt and China rose to $5.178 billion from January to June 2017, state news agency MENA reported Monday.

China’s exports to Egypt decreased by 20.79 percent on a year-on-year basis to $4.518 billion, MENA cited the latest statistics released by the Chinese General Administration of Customs as saying.

While Chinese imports from Egypt increased by 298.37 percent to reach $660 million, it added.

In June, the volume of trade exchange between Egypt and China amounted to $928 million.

Chinese imports from Egypt upped by 181.69 percent on annual basis to $80.58 million, while exports dropped by 17.83 percent to reach $847 million.

Egypt ranked 52nd in list of China’s largest trading partners.

Source: Xinhua

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