Egypt- Exports to exceed $3bn by 2020: Trading Economics
Date
12/12/2018 10:33:47 AM
(MENAFN- Daily News Egypt) In Egypt, according to Trading Economics-a remarkable US-based company which provides over 2m economic indicators for nearly 200 countries-exports account for about a quarter of the GDP. The major exports are oil and other mineral products which occupy 32% of total exports, chemical products shape12%, while exports of agricultural products and livestock and others fats factor together 11%, and textiles make up10.5%.
Meanwhile, other exports including base metals, machinery, electrical appliances, foodstuff, beverages and tobacco do not exceed 15% of the export volume.
Major export partners are Italy, Spain, France, Saudi Arabia, India and Turkey, which are considered the top ranked destinations for Egyptian exports.
Exports in Egypt increased to $2.3bn in September from $1.983bn in August of 2018.
Egyptian exports are expected to reach $2.7bn by the end of this quarter, according to Trading Economics' global macro models and analysts' expectations.
Looking forward, it estimates exports to stand at $2.240bn in 12 months.
On the long-term, Egyptian exports are projected to drift around $3.400bn in 2020, according to its econometric models.
MENAFN1212201801530000ID1097821591
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.