Greece records trade surplus with Egypt in the January-October 2016 period

Greece recorded a surplus in its trade balance with Egypt in the January-October 2016 period, totaling 163.32 million euros, down 47.1 pct compared with the corresponding period in 2015 (308.56 million euros), the Greek embassy’s economic and trade affairs bureau in Cairo said in a report.

The report said that bilateral volume of trade fell 18.9 pct in the 10-month period to 1.092 billion euros, from 1.347 billion in the same period in 2015. The value of Greek exports to Egypt totaled 627.88 million euros in the January-October period, down 24.2 pct from 2015, while imports from Egypt totaled 464.56 million euros, down 10.6 pct from 2015.

The report said that Egypt ranked 10th among the most important destinations for Greek exports, absorbing 3.0 pct of total Greek exports. On the other hand, Egypt ranked 20th among Greece’s suppliers, with a market share of 1.28 pct of total Greek imports.