Trade exchange bet. Egypt, China reaches $5,43B in 5 months

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 the Egyptian exports exceeded $1.8 billion during 2018, with an increase of 37.8 percent on a year-on-year basis.