Egypt’s exports to Arab countries increase by 3.2% in Q2 of 2015-16 FY: CBE
Central Bank of Egypt -YOUM7 (Archive)

CAIRO: Egypt’s exports to Arab counties during the second quarter of the 2015-2016 fiscal year, have increased by 3.2 percent compared to the same period a year earlier, Egypt Central Bank (CBE) said in a statement Saturday.

The exports during October-December 2015 have reached $1.350 billion, compared $1.308 billion during the same period last year, according to the statement.

Egypt’s exports to the Arab states have increased by 13 percent in October 2015 to register $673.3 million up from $594.7 during the same period in 2014, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a report in February.

Meanwhile Egypt’s imports from Arab countries went down from $1.107 billion in October 2014 to 640.2 million dollars in October 2015, the report said.

Saudi Arabia was number one on the list of countries importing products from Egypt in October with 138.2-million-dollar imports followed by the UAE and Sudan.

Egypt’s imports from Arab countries declined except from Iraq as they increased from 75.6 million dollars to 102 million dollars in October, according to the report.

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