Business

Egypt’s exports to G7 countries reached 3.8 billion USD

PARIS, France– Egypt’s exports to the Group of Seven (G7) countries has increased to 3.8 billion U.S. dollars in the first half of 2019, from 3.5 billion dollars in the same period last year.

The official Egyptian statistics agency made the economic revelation on Saturday.

The United States leads the list with Egyptian exports amounting to 1 billion dollars, followed by Italy, Britain, and Canada, according to a statement by Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS).

Egypt’s imports from the G7 countries reached 8.7 billion dollars in the first half of 2019, up from 8.5 billion dollars in the same period in 2018.

The net investments of the G7 countries in Egypt during the first half of 2019 increased to 3.8 billion dollars, compared to last year’s 3.6 billion dollars, according to CAMPAS data.

The CAMPAS statement came just hours ahead of the 45th G7 summit held in the French city of Biarritz.

Egyptian President Abdel-Fattah al-Sisi, also the chairman of the African Union, is attending the summit.

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