7% in­crease in Egyp­tian ex­ports to the UAE

$735m sur­plus in trade bal­ance be­tween the two coun­tries for Egypt, says ECA head

The Daily News Egypt - - Business - By Shaimaa Al-Aees

Egyp­tian ex­ports to the United Arab Emi­rates (UAE) have in­creased to reg­is­ter $1.204bn in the first half of the cur­rent year com­pared $1.126bn in the same pe­riod of last year, an in­crease of 7%, ac­cord­ing to Egyp­tian Min­is­ter of Trade and In­dus­try Tarek Ka­bil.

From his part, Egyp­tian Com­mer­cial Ser­vice (ECA) head Ahmed An­tar said that the boom in Egyp­tian ex­ports dur­ing the men­tioned pe­riod con­trib­uted to the in­crease in the sur­plus of the trade bal­ance be­tween the two coun­tries to $735m for Egypt com­pared to $685m dur­ing the same pe­riod last year.

An­tar added that the in­crease in ex­ports to the UAE is at­trib­uted to the suc­cess of pro­mo­tional ef­forts by the ECA in Abu Dhabi in pro­vid­ing con­sumers in the UAE of dif­fer­ent na­tion­al­i­ties with de­tails of Egyp­tian prod­ucts through Egyp­tian par­tic­i­pa­tion in var­i­ous ex­hi­bi­tions held in the UAE.

The main items of Egyp­tian ex­ports to the UAE mar­ket were gold, tele­vi­sions, fur­ni­ture, fresh or­anges, fresh onions, mon­i­tor screens, fresh pota­toes, frozen veg­eta­bles, cheeses, elec­tric ca­bles, cop­per wires, and coal, An­tar said.

In the UAE’s case, Egyp­tian ex­ports in­creased by 125% in 2016 to reach $2.4bn from $1bn in 2015. On the other hand, Egyp­tian im­ports from the UAE de­creased by 27% dur­ing the same pe­riod to reg­is­ter $885m com­pared to $1.2bn in 2015, achiev­ing a sur­plus in the trade bal­ance in favour of Egypt, with $1.5bn from a deficit of $156m pre­vi­ously in 2015, ac­cord­ing to re­ports re­ceived by Ka­bil from Egypt’s com­mer­cial rep­re­sen­ta­tion of­fices in Is­tan­bul and Abu Dhabi.

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