Egypt Independent

Egyptian exports to US up by 25.7 percent in 2018, CAPMAS



Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday that Egyptian exports to the United States during 2018 witnessed a 25.7 percent increase.

According to CAPMAS’ monthly bulletin, Egyptian exports to the United States during 2018 amounted to US$1.716 billion, compared to US$1.366 billion during 2017. The report noted that Egyptian exports to the US during the past year represent 5.9 percent of the country’s exports to the whole world.

Exports of ready-made garments accounted for 46.3 percent of exports and topped the charts of Egyptian exports to the US, valued at US$795.7 million in 2018, an increase of 9.5 percent compared to 2017.

The bulletin said that Egyptian imports from the United States of America amounted to a value of US$5.4 billion during 2018, compared to US$3.868 billion during 2017, an increase of 39.6 percent.

It noted that US investments in establishing companies amounted to US$4.6 million in 2018, compared to US$4.4 million in 2017, an increase of 4.5 percent.