Trade Resources Economy Brief Report of Egypt's Trade in April 2016

Brief Report of Egypt's Trade in April 2016

According to the statistics from CAPMAS in Egypt, its volume of goods trade was USD28.0 billion from January to April in 2016, down 9.3% year-on-year (the same below). Exports fell by 3.0% to USD6.92 billion, and imports fell by 11.2% to USD21.08 billion. The trade deficit was USD14.16 billion, down 14.7%.

In April, Egypt’s volume of goods trade fell by 4.7% to USD7.49 billion. Exports grew by 2.1% to USD1.87 billion and imports fell by 6.8% to USD5.62 billion. And the trade deficit fell by 10.7% to USD3.75 billion.

Since January to April, bilateral trade volume between Egypt and China fell by 5.2% to USD3.04 billion. Egypt’s exports to China grew by 28.8% to USD0.19 billion. It accounted for2.7% of Egypt’s overall export, up 0.7%. And Egypt’s imports from China fell by 6.8% to USD2.85 billion. It accounted for 13.5% of Egypt’s overall imports, up 0.6% over the previous year. Egypt’s trade deficit with China fell by 8.6% to USD2.67 billion.

China was the 8th largest export market of Egypt and its largest source of imports up to April in 2016.

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