EU states capture 37.7% of Egypt’s electronic imports

European Union states seized 37.7 percent of Egypt’s imports of engineering and electronic products within the first half of 2015.

In a report released Wednesday by the General Organisation for Export and Import Control (GOEIC), the exports of EU states to the Egyptian market reached 26.3 billion Egyptian pounds (US$3.35 billion) at the end of June 2015.

According to the report, Egypt’s imports of engineering products recorded around 69.7 billion pounds in the first six months of 2015 opposed to 52.9 billion pounds a year earlier, marking 32 percent increase.

Following EU states, US was the second largest importer of engineering and electronic products to Egypt with imports estimated at 4.5 billion pounds, followed by the Arab States whose imports to Egypt worth around 2.2 billion pounds

Meanwhile, the imports of engineering and electronic products from other countries are estimated at 31.6 billion pounds.

The report showed that automobile components have led the list of imports of engineering and electronic sector with imports worth 14.4 billion pounds during January-June 2015n then electric and electronic industries with imports estimated at around 11 billion pounds.

The imports of machinery products recorded around 7.4 billion pounds.

During the first six months of 2015, Egypt has imported electronics with the cost of 5.6 billion, metal products with around 5.3 billion pounds, other technical and medical industries with around 4.6 billion pounds, and pumps, boilers and engines with around 3.8 billion pounds.

The following table shows the exporters of engineering and electronic products to Egypt: