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Egypt has been traditionally one of India’s most important trading partners in the African continent. The India-Egypt Bilateral Trade Agreement has been in operation since March 1978 and is based on the Most Favoured Nation clause and our bilateral trade has increased more than five times in last ten years.  According to Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS), India is Egypt’s 6th largest trade partner. It is also the 3rd largest importer of Egyptian goods after Italy and Saudi Arabia.

2.   Despite the global slowdown, India’s trade with Egypt has increased by 43% during the last five years, from US$ 3.3 bn in 2010-11 to US$ 4.76 bn in 2014-15 with India’s exports to Egypt touching US$ 3.02 bn and imports at US$ 1.74 bn, making India the third largest destination for Egyptian exports after Italy and Kingdom of Saudi Arabia, and the tenth source of imports. The top five Indian exports during 2014-15 were mineral fuels, meat, vehicles and parts, cotton yarn and organic chemicals. While the top five Indian imports were crude petroleum, salt, inorganic chemicals, cotton and fruits.

3. Bilateral trade figures in USD million for the last ten years are given below:

Source: DGCIS of INDIA

 

  I. India’s Exports to Egypt

 * The top Indian Exports during 2014-15:

1- MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION with a total exported value of US$ 616 million, showing an increase of 91.3% than the last financial year.

2- MEAT AND EDIBLE MEAT OFFAL with a value of US$ 422 million, showing an increase of 24.87% than the last financial year.

3- VEHICLES AND PARTS THEREOF with a value of US$ 342 million, showing an increase of 20 % than the last financial year.

 II. India’s Imports from Egypt


* The top imports from Egypt during 2014-15:

1- Mineral Fuels & Oil, India imports of this item from Egypt valued US$ 1.35 billion which shows a 32.65 % decrease from the previous FY value whish was US$ 2.06 billion.

2- Salt, Sulphur, Earths and Stones imports in 2014-15 were US$ 180 million to show an increase of 6.44% than last financial year.

3- In Organic Chemicals imports valued at US$ 26 million to show a decrease of 18% than last financial year.

Fiscal Financial Year

April - March

Total Exports to Egypt

Total Imports from Egypt

Total Trade

Trade Balance

2005 - 06

363

930

1,293

(-) 566

2006 – 07

763

1,739

2,502

(-) 976

2007 – 08

1,398

1,985

3,384

(-) 586

2008 – 09

1,699

2,121

3,821

(-) 421

2009 – 10

1,403

1,692

3,096

(-) 288

2010 - 11

1,982

1,354

3,336

(+) 627

2011 – 12

2,421

3,002

5,424

(-) 580

2012 – 13

2,897

2,553

5,450

(+) 343

2013 - 14

2,562

2,338

4,951

(+)224

2014 - 15

3,025

1,740

4,766

(+) 128



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