The value of trade exchange between Egypt and the People's Republic of China dropped by 8 percent last January to reach $ 847.888 million compared to $ 915.833 million during the same period last year.
According to a report released by the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt's exports to China dropped by 3.6 percent to reach $ 62.455 million last January from $ 64.761 million a year earlier.
[caption id="attachment_47663" align="aligncenter" width="542"]
President Sisi during a meeting with with Xi Jinping in Beijing[/caption]
However, China topped Egypt's exporters, accounting for 15.3 percent of total imports during the same month at $ 785.433 million, compared with $ 857.072 million a year earlier, reporting a decline of 7.7 percent.
The report revealed that the most prominent Egyptian imports from China, which decreased by 22.1 percent, were machinery and electrical appliances, valued at $ 162.461 million compared to $ 208.652 million last January.
However, imports of boilers, machinery, and spare parts increased by 18.4 percent at a value of $ 125.062 million against $ 105.661 million last year.
The value of Egypt's imports of iron and steel products rose to reach $ 63.986 million compared with $ 32.266 million last year, reporting a growth of 98.3 percent.
In addition, vehicles, tractors and their spare parts observed a 70.9 percent growth at a value of $ 53.898 million this January compared to $ 31.533 million the preceding year.
Today, President Abdel Fattah El-Sisi held a session of talks with his Chinese counterpart Xi Jinping in Beijing ahead of the Belt and Road Forum for International Cooperation (BRFIC) that will run until next Saturday.
Follow the latest news on Google News
