Browsing: Egypt’s foreign trade value

Egypt recorded a $69.965 billion in foreign trade during the first nine months of the fiscal year (FY) 2019/20, according to the Central Bank of Egypt (CBE).

According to the bank’s report, during the period from July 2019 to March 2020, Egypt’s imports amounted to about $49.012 billion while the volume of its exports reached about $20.953 billion.

Egypt’s volume of trade exchange with its most important trading partners amounted to about $44.296 billion. Of this amount, about $31.575 billion came from imports while about $12.720 billion came from exports. A total of 14 countries account for 63.3 per cent of Egypt’s total volume of trade exchange.

According to the central bank, United Arab Emirates ranked as Egypt’s most important trading partner, accounting for a trade exchange volume of about $5.745 billion with imports valued at $3.157 billion and exports at $225.1 million.

China took second place with a trade …