He said that the largest markets receiving Egyptian exports during the 10M18 were in the United Arab Emirates, Turkey, America, Italy, the United Kingdom, Spain, Algeria and France. Unfortunately, Egypt’s imports increased by 19% during the same aforementioned period, reaching $57.76bn, compared to $48.45bn during the same period last year, an increase of $9.22bn. Jaber added that the sectors that recorded an increase in the volume of imports during the first ten months of this year included furniture sector, leather products, garment sector, and the handicrafts sector. Jaber pointed out that the leading exporters to the Egyptian market during 10M18 included China, the US, Russia, Germany, Turkey, Ukraine, and Saudi Arabia. Therefore, the decision of rationing Egypt’s importing also led to decreased manufacturing and industry in Egypt, and consequently caused decreased exports, confirming that the decision negatively affected Egyptian exports.

Source: Daily News Egypt November 26, 2018 15:11 UTC