Complex Made Simple

Egypt’s exports to Britain down by 25.6 per cent in H1

The North African country is seventh-largest exporter to the island nation

Egypt’s exports to Britain sank to £447 million in the first six months of the current year, down by 25.6 per cent compared with the same period last year.

During the January-July period, Egypt’s imports from Britain rose by 6.3 per cent to £624m, compared with £587m in the first half of 2014, according to data published by Youm7.

Egypt is now the fifth-largest Middle Eastern importer of British exports, after the UAE, whose imports from Britain totalled £4.1 billion, followed by Saudi Arabia (£3.2bn), Qatar (£1.3bn) and Israel with £637m.

During the six-month period, Britain’s exports to the Middle East and North Africa region nudged up by 15.3 per cent to £12.06bn, from £10.4bn in the same period last year.

The European nation’s imports from the MENA region decreased by 17.6 per cent, amounting to £7.7bn, as against £9.9bn in the same period a year earlier.

Among the MENA countries, Egypt was the seventh-largest exporter to Britain at £447m, following Qatar (£1.4bn), Algeria (£1.29bn), Saudi Arabia (£1.26bn), the UAE (£1.1bn), Israel (£684m) and Kuwait with £495m.

(£1= AED5.67, at the time of publishing)