Trade exchange bet. Egypt, Arab countries reaches $1.7B in February

Trade exchange between Egypt and Arab countries recorded about $1.7 billion during February 2018, according to the state-statistic body.

The Central Agency for Pubic Mobilization and Statistics (CAPMAS) said in its foreign trade bulletin that Egypt’s exports to 21 Arab countries reached $782 million, while the imports hit $1 billion.

Egypt’s imports to the Arab countries marked 18 percent of February's total imports worth $5.5 billion, while exports allocated 33.9 percent of total exports worth $2.3 million.

According to the bulletin, Egypt achieved a trade surplus with 16 Arab countries of the 21, recording $415.98 million.

The trade surplus with the United Arab Emirates marked the lion’s share of the total surplus, recording $146.06 million as the exports in February reached $198 million, while the imports hit $51.9 million.