75% increase in Egyptian exports to Tunisia during Q1

(MENAFN- Daily News Egypt) The value of Egyptian exports to Tunisia has increased during the period from January to March, reaching $62m, an increase of about 75% compared to the value of Egyptian exports during the same period of 2016, according to Minister of Industry and Trade Tarek Kabil.

Kabil said that the trade exchange between Egypt and Tunisia during the period from January to March reached about $ 76.6m, recording an increase of 60.25% compared to the same period of 2016.

The trade balance between the two countries during the mentioned period achieved a surplus in favour of Egypt that amounted to $47.4m, compared to approximately $22.8m during the same period of 2016—an increase of 107.9%.

Head of the Egyptian Commercial Service Office (ECS) Ahmed Antar said that commercial service offices are currently working on increasing Egypt's exports of traditional products to different markets.

Antar added that the most important exported Egyptian product to the Tunisian market during the period from January to March was steel, which ranked first among the Egyptian exports to Tunisia. The value of exporting steel to the Tunisian market rose to about $12.2m during the first quarter (Q1) of the current year, compared to $2.08m during Q1 of 2016. The exports also included a variety of food products, cotton and cotton fabrics, soap and washing products, machines, electrical appliances and their spare parts, plastics, seeds and fruits, glass and glassware, and oils and cosmetics.

The volume of trade exchange between Egypt and Tunisia during the first nine months of 2016 amounted to $181.1m, where the trade balance was heavily in favour of Egypt with $93m, according to the ECS.

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