The
soaring export of North African country, Egypt, has caused a trade
surplus exceeding $2.35 billion with 19 countries, including 14 Arab and
five foreign
countries, from January to May 2018.
soaring export of North African country, Egypt, has caused a trade
surplus exceeding $2.35 billion with 19 countries, including 14 Arab and
five foreign
countries, from January to May 2018.
Trade surplus is the amount by which the value of a country’s exports exceeds the cost of its imports.
The
Arab Countries included the United Arab Emirates, Jordan, Syria, Libya,
Mauritania, Yemen, Sudan, Somali, Palestine, Tunisia, Algeria,
Djibouti, Lebanon
and Morocco.
Arab Countries included the United Arab Emirates, Jordan, Syria, Libya,
Mauritania, Yemen, Sudan, Somali, Palestine, Tunisia, Algeria,
Djibouti, Lebanon
and Morocco.
On the other hand, the foreign countries are Cyprus, Slovenia, Israel, Kenya and Ethiopia.
The
United Arab Emirates ranked the first in the list with a trade surplus
of $848 million, as exports reached $1.2 billion, compared to imports of
$362.03 million.
United Arab Emirates ranked the first in the list with a trade surplus
of $848 million, as exports reached $1.2 billion, compared to imports of
$362.03 million.
Jordan came in second place, with an amount of $209.3 million, in which exports recorded $294.9 million and imports
hit $85.58 million.
hit $85.58 million.
Egypt’s exports to Syria reached $120.64 million, while imports recorded $35.5 million, marking a trade surplus
of $85.13 million.
of $85.13 million.
Trade surplus with Tunisia hit $117.95 million with exports of $202.54 million and imports of $84.59 million.
Palestine and Egypt recorded a trade surplus of $49.67 million as Egypt exported to it by $50.15 million and it
imported by $481,000.
imported by $481,000.
As per Cyprus, Egypt received imports from it worth $21.97 million, while exporting to it by $39.56 million, with
a trade surplus of $17.58 million.
a trade surplus of $17.58 million.
Egypt exports to Kenya are worth $143 million, compared to imports of $123.751 million, with a trade surplus of
$19.261 million.
$19.261 million.
In general, Egypt’s exports reached $12.4 billion during the first five months of 2018; the Arab countries allocated
$4.2 billion of it.
$4.2 billion of it.
Egypt with a population of 95.69 million links northeast Africa with the Middle East.
