Central Agency for Public Mobilization and Statistics (CAPMAS) has announced the increase in value of Egyptian exports to the US reached LE10.6 billion in 2016, 4.7 percent of Egypt’s worldwide exports, compared to LE9.4 billion in 2015, marking a 12.3 percent increase. It showed that ready-made clothes exports came in first place by 56.1 percent out of the total exports, reaching LE5.9 billion in 2016, compared to LE5.7 billion in 2015, marking a 4.1 percent increase. The amount of Egyptian imports from the US reached LE36.5 billion in 2016, representing 5.5 percent of Egypt’s imports from all countries, compared to LE33.5 billion, marking a 8.9 percent increase. US investments in establishing companies, according to CAPMAS, reached LE27 million in 2016, compared to LE13.2 million in 2015, marking a 104.9 percent increase. Number of nights spent by tourists in Egypt reached 1.3 million nights in 2016, down from 1.5 million nights in 2015, which is a 18.7 percent decrease.

Source: Egypt Independent July 09, 2017 12:00 UTC