Trade exchange bet. Egypt, Japan hits $1.26B in 2018

Trade exchange between Egypt and Japan rose 30.5 percent during 2018, recording $1.26 billion, compared to $969 million during 2017, the Egyptian Commercial Service Office said.

The office added that Egypt’s most significant exports to Japan included Petrol, ready-made clothes, carpets, medicinal plants, cotton, vegetables and food products.

Egypt’s imports from Japan included cars, tractors, machinery, electrical appliances, iron, steel, plastics and articles thereof.

Minister of Investment Sahar Nasr met with a high-profile Japanese business delegation on Monday, where they discussed their country’s keenness to increase investments in Egypt.

The delegation said that Japanese investments in Egypt saw a surge by 74 percent in 2018.