(MENAFN- Daily News Egypt) Following several uprisings that occurred in the Arab word in 2011, the region witnessed several political and economic changes. Egypt's relationship with a number of countries was no exception, as it was affected by those changes. In our special issue, we will highlight the trade relations between Egypt and the Arab League countries and analyse whether or not it was influenced by the political and economical rollercoaster.
During the past four years, the volume of trade between Egypt and the Arab League counties has continued to increase despite the growing conflict in the region. In 2011, trade between Egypt and Arab League counties registered some EGP 67.85bn.
This figure grew in 2012 to EGP 77.15bn then once again in 2013 to reach EGP 90bn. In 2014, the volume of trade was valued at EGP 106.7bn.
According to the trade report issued by the Ministry of Foreign Trade and Industries, the total value of exports to Arab Leagues counties was EGP 50bn, some $8.52bn.
In 2012, the value of exports climbed up to over EGP 54bn, around $8.98bn. This surge continued in 2013 and 2014 were in the exports' value amounted to EGP 62.9bn and EGP 66.2bn.
The Egyptian imports from the Arab League counties totalled more than EGP 17bn, around $3bn, in 2010. That figure slid up in 2011 and 2012 to total EGP 22.5bn and EGP 27.56bn. A notable increase was witnessed in 2013, where the value totalled some EGP 40.47bn.
Value of imports slightly declined to EGP 37bn in 2014.
Top traded products between Egypt and Arab League countries include building materials, chemicals and fertiliser products and engineering and electronics equipments. On a smaller scale, pharmaceuticals, spinning and weaving products, ready-made garments and furniture are also traded.
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