Egypt Export Marketplace for products & services  •   Log in | Sign up  

Export Egypt Home
made in Egypt Egypt products
  Home  |  Products  |  Business Center  |  News   |  Events   |  My Account Follow us on Facebook
Products and vendors Services and providers Oil & Gas Software and publications

Egypt’s Exports to Russia Hit Record High Topping $500m for First Time
Source: www.export-egypt.com 1/23/2018

Exports to Russia stood at $464.8mln in 2017, up 32.8% from $350mln a year earlier.

Based on the latest report by the Egyptian commercial office in Moscow, Minister of Trade and Industry Tarek Kabil said that Egypt’s exports to Russia smashed through $500mln in 2017 for the first in the history of Egyptian-Russian relations.

Kabil pointed out that exports to the Russian market increased significantly during the first 11 months of 2017, reaching $464.8mln, up 32.8% from $350mln in 2016.

“Export growth to Russia is primarily thanks to a rise in the shipments of some Egyptian products, on top of which fresh vegetables and fruits which account for 77% of Egypt’s total exports to Russia,” said Naser Hamed, head of the Egyptian commercial office in Moscow.

During the Jan-Nov period of 2017, exports of fresh vegetables and fruits increased by 39%, home appliances by 550%, and medical products by 49%, according to the report.

“The FTA between Egypt and the Eurasian Economic Union (EEU) will considerably boost bilateral trade with member states; including Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan,” Kabil noted. The FTA talks are expected to start within the next few months.



Related Categories: Accounting, Statistics  Economics/Financial Analysis  General  Insurance 


Export Egypt - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us