China-Egypt bilateral trade volume recorded$5.43 billion in the first five months of 2019, marking an increase of 5.8 percent on a year-on-year basis, according to official Chinese statistics.
The General Administration of Customs of China said Wednesday that China’s exports to Egypt hit $4.87 billion in January-May period of 2019, while Chinese imports from Egypt reached $0.56 billion during the same period.
The volume of trade between China and Egypt during May hit 41.24 billion, out of which$1.14 billion represented exports from China to Egypt, and $100 million were the Chinese imports from Egypt.
The latest economic report on Egyptian-Chinese trade and economic relations prepared by the Commercial Representative Office in Beijing showed earlier this month that trade exchange between Egypt and China increased 27.6 percent during 2018, recording $13.8 billion.
The report revealed that Egyptian exports exceeded $1.8 billion during 2018, with an increase of 37.8 percent on a year-on-year basis.
It said that the economic and trade relations between Egypt and China have witnessed steady growth since the upgrading of the joint relations to the level of a strategic partnership after the visit of President Abdel Fatah al-Sisi to China in 2014.