Egypt says non-oil exports increase 15%

Egypt

said yesterday its nonoil exports for the first quarter of 2018 rose by 15 per cent compared with a year earlier, to $6.324 billion (Dh23.2 billion). The volume of foreign trade in the same period grew 9 per cent to $21.265 billion, up from $19.520 billion, Trade Minister Tareq Kabil said in a statement. The trade budget deficit improved by 2 per cent, the statement said. The improvements were thanks to increased exports from Egypt’s chemicals and fertiliser sectors, among others, it said. (Reuters)