BusinessEconomy

Egypt-Saudi Arabia trade exchange hits $3.7 bn in 8 months

The volume of trade exchange between Egypt and Saudi Arabia hit US$3.67 billion in 8 months in 2015.

Egypt's imports from the Saudi kingdom recorded $2.2 billion, while exports $1.5 million in the 8 months.

Saudi Ambassador here Ahmad Qattan said the balance of trade between Egypt and Saudi Arabia included a surplus in Saudi exports of $716 million in the period between January and September 2015.

According to a Saudi embassy statement, citing a statistical report, Saudi exports to Egypt were mainly petroleum products, petrochemicals, paper products, drugs, colors and dyes and steel coils.

The most exported items from Egypt include household appliances, cables, wires, furniture, organs, onions and cheese, it added.

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