Greek exports to Egypt fell by 32.8 pct in the January-July period

Greek exports to Egypt fell by 32.8 pct in the January-July period this year, compared with the corresponding period in 2015, despite an increase in exports of several product categories, a report by the Commercial and Economic Affairs Bureau of the Greek embassy in Cairo said.

Major Greek export products to Egypt in the seven-month period were oils (+39.1 pct), tobacco (+34.3 pct), cotton (+30.2 pct), paints (+16.6 pct), chemicals (+12.5 pct), fresh fruit (+9.5 pct), machines (+0.5 pct), while on the other hand a decline in exports was recorded in plastics (-66.1 pct), oil products (-38 pct), paper (-22.1 pct) and processed fruit/vegetables (-16.1 pct).

Oil products accounted for 77.2 pct of total Greek exports to Egypt and a decline in oil prices significantly affected the value of exports. The embassy report noted that with the exception of oil products all other exports to Egypt grew by 6.9 pct in value in the seven-month period. The report noted that olive oil exports fell significantly while exports of soy oil grew.