Egypt’s exports to US rise 12.3%
Egypt’s exports to the United States reached 10.6 billion Egyptian pounds ($592.5 million) in 2016, marking a 12.3 percent year-on-year increase, Egypt’s statistics authority said on Sunday. “Egypt’s exports to the United States in 2016 represent 4.7 percent of the country’s annual exports to the world,” said the Central Agency for Public Mobilization and Statistics in its report on Egypt’s economic relations with the United States. Readymade clothes ranked top among Egyptian exports to the US, reaching a total value of 5.9 billion pounds and representing 56.1 percent of Egypt’s total annual exports to the US in 2016, according to the report. As for Egypt’s annual imports from the US, they increased by 8.9 percent from 33.5 billion pounds in 2015 to 36.5 billion pounds in 2016.