India-Egypt bilateral Trade rises by 33 pc

India-Egypt trade has witnessed an healthy increase of 33 per cent from USD 3.2 billion to USD 4.2 billion during the last fiscal, according to official trade figures.

The data released by Egyptian Government for the financial year ending June 2012, said the trade performance is particularly significant in the context of prevailing global economic slowdown.

Indian exports to Egypt during the last one year increased by 29.36 per cent, rising from USD 1.5 billion to USD 1.94 billion, the data released recently said.

Major items of India’s exports include frozen meat, milled rice, cotton and synthetic yarn, light oils, sesame seeds, cathodes, carbon electrodes, pneumatic rubber tires, among others.

These also included motorcycles and telephone sets, it said.

Indian imports during the same period grew by 36.41 per cent, rising from USD 1.7 billion to USD 2.3 billion.