According to the statistics from CAPMAS in Egypt, its volume of goods trade was USD34.98 billion from January to May in 2016, down 11.2% year-on-year (the same below). Exports fell by 3.0% to USD8.97 billion, and imports fell by 13.8% to USD26.01 billion. The trade deficit was USD17.04 billion, down 18.6%.
In May, Egypt’s volume of goods trade fell by 18.2% to USD6.98 billion. Exports fell by 2.9% to USD2.05 billion and imports fell by 23.3% to USD4.93 billion. And the trade deficit fell by 33.3% to USD2.88 billion.
Since January to May, bilateral trade volume between Egypt and China fell by 7.3% to USD3.74 billion. Egypt’s exports to China grew by 10.6% to USD0.24 billion. It accounted for 2.7% of Egypt’s overall export, up 0.3%. And Egypt’s imports from China fell by 8.3% to USD3.50 billion. It accounted for 13.5% of Egypt’s overall imports, up 0.8% over the previous year. Egypt’s trade deficit with China fell by 9.5% to USD3.26 billion.
China was the 7th largest export market of Egypt and its largest source of imports up to May in 2016.
