Egypt’s non-oil exports rise by 15% in Q1

Egypt’s non-oil exports rise by 15% in Q1

Egypt has said its non-oil exports for the first quarter of 2018 had increased by 15 percent compared with a year earlier, reaching $6.324 billion.

The volume of foreign trade in the same period grew by 9 percent to $21.265 billion, up from $19.520 billion, Trade Minister, Tarek Kabil, said in a statement on Friday.

The trade budget deficit improved by 2 percent, the statement said. The improvements were due to increased exports from Egypt’s chemicals, fertiliser and clothes manufacturing sectors, among others, it said.

Agency Report

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