Trade exchange between Egypt, Morocco reaches $550M in 2017

Trade Exchange between Egypt and Morocco recorded $550 million during 2017, according to Chairman of the Commercial Representation Authority Ahmed Antar.

Antar clarified that Egypt’s exports to Morocco hit $392 million the previous year while the imports reached $113 million.

Egypt's exports to Morocco products and goods of engineering, electronics, food and building materials, as well as iron and steel, chemical and plastic products, Antar noted.

Meanwhile, Morocco exports to Egypt cars worth $87 million, and food commodities worth $17.6 million.

On Oct. 30, the Egyptian-Moroccan Businessmen Association, and the Foundation of the Sons of Morocco for Development in Egypt launched the Egyptian-Moroccan Business Forum, aiming to establish a true partnership between the private sectors of both countries.

Generally, Egypt's non-oil exports rose 10 percent in 2017 to $22.42 billion, up from $20.41 billion in 2016.