Egypt exported petroleum products worth EGP 7.7 bn to 7 Asian countries

CAPMAS LogoEgypt’s exports of petroleum products to seven Asian countries hit EGP 7.7 billion in 2016. “These countries include India, China, Malaysia, Japan, Singapore, South Korea and Bangladesh”, the Central Agency for Public Mobilization and Statistics (CAPMAS) said Sunday.

India came at the top of the list, constituting 44.9 % of the total Egyptian petroleum exports, with a value of EGP 3.4 billion, followed by China with 42.7 % of exports, at a value of EGP 3.3 billion.

Singapore came third with 10.8 %، followed by Japan with 1.5 %. Malaysia and South Korea came at the bottom of the list, with Egypt exporting petroleum products worth EGB 300,000 to each country.

A recent report by CAPMAS showed that bilateral trade between Egypt and Asian countries declined to $23.1 billion in the first eight months of 2017, compared to $24.3 billion in the same period in 2016.

Around $16.6 billion from the total amount were imports, while $6.5 billion were exports to Asia.

The report said that exports to China recorded $420.5 million, while imports reached $5.2 billion during that period. This was followed by $1.6 billion in imports from India, and $507.8 million in exports.

(Source: Sada El Balad)

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