Egypt’s non-petroleum exports hiked 12 percent year-on-year in August 2017, Minister of Trade and Industry Tareq Qabil said.
The exports registered $1.9 billion in August 2017, compared to $1.7 billion in the same month a year earlier, the minister said according to the latest report he received from the General Organization for Import and Export Control on the indicators of Egypt’s non-petroleum exports and imports.
Qabil added that the country’s non-petroleum imports slumped 50 percent in August 2017, standing at $3.04 billion, down from $6.07 billion in August 2016.
In the same regard, the minister noted that Egypt’s total trade deficit has seen a sharp decline, after they plunged 74 percent to $1.1 billion last August, against $4.36 billion during the same period a year earlier.
These positive indicators assert the trade ministry’s success in its plan to restore improvement rates, achieve the targeted rates in exports and imports as well as to limit the import of low-quality products, Qabil said.
Source : Mena
GMT 14:29 2017 Wednesday ,18 October
Tourism min. says keen on developing Northern CoastGMT 15:04 2017 Tuesday ,17 October
Sisi urges attracting more investments into Suez Canal zoneGMT 13:53 2017 Friday ,13 October
Reviews Egypt's experience in improving investment climateGMT 13:44 2017 Friday ,13 October
Egypt is implementing strong economic reformsGMT 17:44 2017 Monday ,02 October
Egypt's market encourages investing: AOI chiefMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor