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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Egypt Exports to G7 Hit $3.8 Bln in H1


Sat 24 Aug 2019 | 07:42 PM
Taarek Refaat

Egyptian exports to the Group of Seven (G7) amounted to $ 3.8 billion during the first half, compared to $ 3.5 billion during the same period last year, the Central Agency for Public Mobilization and Statistics (CAMPUS )said in a statement on Saturday.

According to data, Egypt's exports to the G7 rose by 8.6 percent in the first half of 2019.

[caption id="attachment_73919" align="alignnone" width="666"] Jean-Yves Le Drian speaks at the G7 summit in France[/caption]

The statistics pointed out that the United States was ranked as the top recipient of Egyptian exports during H1 2019 with goods worth $ 1 billion, followed by Italy with $ 951.7 million, the United Kingdom with $ 719.1 million, and Canada $ 341.4 million.

Germany was ranked fifth on the list with $ 339.7 million worth of Egyptian goods, followed by France at $ 330.6 million and finally Japan at $ 83.6 million.

As for the value of Egyptian imports from the G7, data recorded an increase of 2 percent, reaching $ 8.7 billion dollars during H1 2019, compared to $ 8.5 billion during the same period last year.

The United States was also ranked first among the G7 countries in terms of goods shipped to the Egyptian market with exports worth $ 2.7 billion, followed by Germany $ 2.1 billion and Italy $ 1.5 billion.

France ranked fourth among the biggest exporters with $ 861.1 million worth of goods, followed by the United Kingdom $ 773.5 million, Japan $ 575.9 million and Canada $ 160 million.

[caption id="attachment_73921" align="aligncenter" width="665"] President Sisi arrives to France to attend G7 summit[/caption]

According to data, the value of trade exchange between Egypt and the G7 increased by 4 percent in H1 2019, reaching $ 12.4 billion, compared with $ 12 billion during the corresponding period last year.

Egypt is taking part in a three-day G7 summit in the southern French city of Biarritz.

The G7 is the meeting of world leaders and finance ministers from the Group of Seven biggest industrialized nations, formed in 1976, when Canada joined a group of six countries: France, Germany, Italy, Japan, the United Kingdom, and the United States of America.