Cairo – Mubasher: Egypt’s exports to the G7 group of countries grew by 8.6% year-on-year to $3.8 billion during the first six months of 2019, according to data released on Saturday by the Central Agency for Public Mobilization and Statistics (CAPMAS).

On top of these countries came the US, which received $1 billion imports from Egypt in H1-19, while Egyptian exports to Italy and the UK recorded $951.7 million and $719.1 million, respectively, during the same period.

Moreover, Egypt’s imports from the G7 countries went up by 2% to $8.7 billion from January 2019 to the end of June, compared to $8.5 billion a year earlier.

The US led G7 exporters to Egypt in H1-19, with total exports of $2.7 billion, followed by Germany and Italy, which exported $2.1 billion and $1.5 billion worth of goods to Egypt in the first half of 2019.

As per CAPMAS’ data, trade exchange between Egypt and the G7 registered $12.4 billion in H1-19, up 4% year-on-year from the year before.

The G7 countries’ investment in Egypt recorded $3.8 billion in the six-month period ended 30 June 2019, in comparison with $3.6 billion in H1-18.