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Egypt’s exports to Arab countries to total $766m in May

Jordan was the largest importer at a value of $64.3m, while Libya came second

Egypt’s exports to Arab countries fell by $98.4 million in May to stand at $766.9m, compared with $865.2m in the same month in 2014.

Jordan was the largest importer of Egyptian goods in May at a value of $64.3m against $58.6m in the same month last year, according to fresh figures.

Libya came second but its imports suffered a major decline of about $27m to stand at $60.9m from $88m in May in 2014, Youm7 reports citing official data.

The data, released by the Central Agency for Public Mobilisation and Statistics, revealed that Egypt’s exports to Algeria amounted to $47.5m and Iraq $39.9m, while its exports to the rest of the Arab countries totalled $544.3m.

In turn, Egypt’s imports from Arab countries surged to $815.2m in May this year compared with $645.5m in the corresponding month last year.

About $316.8m of Egypt’s imports during May came from Saudi Arabia, signalling a major increase from the $177.4m recorded in the same month last year.

Other top countries from where Egypt imported goods include Kuwait ($103.7m), the United Arab Emirates $97.9m and Algeria with $58.3m, the data reveals.

($1 = AED3.67, at the time of publishing)