New
Transform your trade strategies with Market Brief, Tridge’s AI-powered market insights.

Trade between Egypt and Britain recorded 519 million pounds, a growth of 8% during the first quarter

Published Jun 23, 2021

Tridge summary

The trade between Egypt and Britain experienced an 8% increase in the first quarter of 2021, reaching 519 million pounds, compared to 481 million pounds in the same period of the previous year. Egyptian exports to Britain slightly decreased to 219 million pounds, while imports from Britain increased to 300 million pounds. The Egyptian food industry exports to Britain saw a significant increase of 76%, reaching 24 million pounds. British investments in Egypt amounted to about $5.3 billion, which is 33% of the total European investments, making Britain the third largest investing country in Egypt after the United Arab Emirates and Saudi Arabia.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Minister Plenipotentiary Trade Nasser Hamed, Director of the European Union Department at the Commercial Representation Authority, revealed that the value of trade between Egypt and Britain increased during the first quarter of 2021 by 8% to reach 519 million pounds, compared to 481 million pounds during the same period in 2020. This came during the seminar that Organized by the Export Council for Food Industries today, in cooperation with the Commercial Representation Agency and the General Organization for Export and Import Control, under the title “Developing food industry exports to the United Kingdom.” He said that the value of Egyptian exports to Britain during the first quarter of this year amounted to about 219 million pounds, compared to 223 million pounds during the same period last year, while Egypt’s imports from Britain amounted to about 300 million pounds, compared to 258 million pounds in the same period last year. Last year, however, the Egyptian food industry ...
Source: Amwalalghad
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.