Egypt's non-oil exports hit 1.3 bln USD in April

Publisher:Release time:2019-06-05Number of views:10

CAIRO, June 4 (Xinhua) -- Egypt's non-oil exports reached 1.3 billion U.S. dollars in April, the country's Export and Import Control Authority said in a statement on Tuesday.

"During April, the country's exports of food products hit 433 million dollars and exports of industrial products stood at 897 million dollars," the statement added.

Egypt has been facing economic recession over the past few years because of political turmoil and relevant security issues, which led to declining tourism and foreign investments amid growing budget deficit, inflation rate and foreign and domestic debts.

In the face of economic challenges, Egypt started in late 2016 a three-year reform program including subsidy cuts, tax hikes and full floatation of the local currency.

Egypt's economic reform program is encouraged by a 12-billion-dollar loan from the International Monetary Fund.


Copyright©2020 上海社会科学院数据中心版权所有沪ICP备10019589号-16 沪公网安备 31010102002389号
开启辅助工具