Complex Made Simple

Egypt’s exports to Britain total £481m in 8 months

Figure signals major decline of 30 per cent compared with £694m in the same period of 2014

Egypt’s exports to Britain amounted to £481 million during the first eight months of the current year, signalling a major decline of 30 per cent compared with the £694m recorded in the same period of 2014.

According to official data, Egypt’s imports from Britain inched up by a slight 0.4 per cent to £682m during the January-August period against £679m in the corresponding period of last year.

Egypt ranked the seventh largest Middle Eastern and North African exporter to Britain worldwide after Qatar (£1.69 billion), Saudi Arabia (£1.4bn), Algeria (£1.39bn), the United Arab Emirates (£1.36bn), Israel (£758m) and Kuwait with £524m.

The data published by Amwal al-Ghad also indicates that Egypt was the fifth largest importer of British goods in the Middle East and North Africa region. Topping the importers list is the UAE with £4.7bn followed by Saudi Arabia (£3.6bn), Qatar (£1.4bn) and Israel with £714m.

Britain’s exports to the Middle East and North Africa during the January-August period surged by 15.3 per cent to £13.5bn compared with £11.7bn in the same period last year.

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