Egypt’s exports to France reach €572M in 2017

Egypt Today

Egypt’s exports to France increased 36.4 percent in 2017 to record €572 million (LE 12.42 billion), compared to €420 million in 2016, according to Minister of Industry and Foreign Trade Tarek Kabil, on Sunday. This news came in the context of a report received by the minister from the Egyptian Commercial Office in Paris on the movement of trade between Egypt and France during 2017.

Kabil added that trade exchange between Egypt and France rose 21.8 percent in 2017 compared to the prior year. Kabil affirmed that the French market is an important European market that receives the Egyptian products, referring to the overwhelming growth of the relationship between two states during the latest period.

Head of the Commercial Representation Authority, Ahmed Antar, attributed the increase of the Egyptian exports to France to the organic chemical products’ export increase by 226.6 percent during 2017, followed by fertilizers, which increased by 61.5 percent, and plastics, which increased by 54 percent. Egypt's non-oil exports rose 10 percent in 2017 to $22.42 billion, up from $20.41 billion in 2016.