Egypt's foreign trade grew by 11.6 percent in the second half of 2008, with the United States accounting for almost a fifth of that activity, data released Wednesday by Egypt's Central Bank showed.
The bank's monthly report said total imports and exports between July to December hit $41.8 billion, with the U.S. accounting for 19.5 percent of that. It said overall exports in the six-month period climbed by 3.8 percent to $13.6 billion, driven by a 7.5 percent increase in non-oil exports.
But in a sign of challenges confronting the Arab world's most populous nation, foreign currency reserves slipped to $32.2 billion at the end of last month from $33.1 billion …
No comments:
Post a Comment