Egypt’s Trade and Industry Minister Tareq Qabil said on Saturday that Egyptian commodity exports to the Russian market made big growth over the past year. Commodity exports reached about US$504.6 million in 2017, up from US$374.1 million in the previous year, marking a 35 percent increase. In a statement on Saturday Qabil said that Egyptian exports to the Russian market surpassing the US$500 million mark represents an important step in achieving a qualitative leap in the level of trade and investment relations between Egypt and Russia. Antar said that the exports of household appliances increased by 600%, which amounted to about US$28.3 million and exports of medical industries increased by 48%, amounting to about US$10.5 million. Egyptian exports to Russia include 35 items: mainly potatoes, oranges, engineering goods, ceramics, food industries, and medical supplies.

Source: Egypt Independent April 07, 2018 12:33 UTC