Egypt's trade exchange reaches $23bn in 3 months

The Central Bank of Egypt (CBE) revealed that the volume of trade exchange between Egypt and other countries hit $23bn during the first quarter of Fiscal Year (FY) 2019/2020, including $15.9bn in imports, and $7.12bn in exports, compared to $23.2bn during the first quarter of FY 2018/2019, including $16.5bn in imports, and $6.7bn in exports.

The CBE, in a recent report, indicated that the volume of trade exchange between Egypt and the 14 most important trading partners account for 60% of the total trade exchange, increasing to about $14.15bn compared to $14.03bn.

According to the CBE, the volume of Egyptian exports to the most important trading partners increased during the first quarter of the current FY to $4.3bn compared to $4.1bn, while the volume of imports decreased to $9.7bn compared to $9.8bn.