The size of trade exchange between Egypt and the world in the fiscal year (FY) 2017/18 amounted to $88.930bn, according to the Central Bank of Egypt (CBE). They explained in a recent report that Egyptian imports in that period reached $63.103bn, while exports marked $25.827bn.
According to the CBE, the volume of trade between Egypt and the 14 most prominent trade partners amounted to $52.131bn. It added that exports to these countries reached $16.343bn, while imports stood at $35.787bn.
According to the report, the UAE ranked on top of the list of most important trade partners, with a volume of trade worth $5.822bn, including $3.331bn in imports and $2.512bn in exports. China ranked second with volume of trade reaching $5.7863bn, including $5.4062bn in imports and $380.1m in exports , and the USA ranked third with a trade exchange of $5.0213bn, including $2.9406bn in imports and $2.0807bn in exports, followed by Saudi Arabia with volume of trade worth $4.6246bn, including $3.5887bn in imports and $1.0359bn in exports.
As for Italy, which ranked fifth, the trade exchange was in favour of Egypt. With the total volume of trade worth $4.5096bn, including $1.921bn in imports and $2.886bn in exports. The trade exchange between Egypt and Germany in FY 2017/18 reached $3.9883bn, including $2.9628bn in imports and $1.0205m in exports, while trade exchange with the UK reached $3.8543bn, including $2.132bn in imports and $1.722bn in exports.
Moreover, the CBE said that the Egyptian-Russian trade exchange reached $3.4299bn, including $3.1707bn in imports and $259.2m in exports. The size of trade between Egypt and Turkey amounted to $3.0723bn, including $1.937bn in imports against $1.1353bn in exports.
Switzerland ranked 10th on the list of Egypt’s most prominent trade partners with a trade exchange worth $2.8842bn, including $1.9692bn in imports and $915m in imports, followed by France with a total trade exchange of $2.6368bn, including $1.9928bn in imports and $644m in exports.
According to the CBE, trade between Egypt and India in the FY 2017/18 amounted to $2.6288bn, including $1.4937bn in imports and $1.1351bn in exports, followed by Spain with a volume of trade of $2bn, including $1.2042bn in imports and $796.4m in exports. Ranking last on the 14-country list is Brazil. The CBE said that trade exchange with the Latin American country reached $1.877bn, including $1.7582bn in imports and $118.8m in exports.
The CBE did not name the remaining countries. However, collectively the trade exchange between them and Egypt reached $36.7982bn, including $27.3151bn in imports and $9.4831bn in exports.