Cairo – Mubasher: The trade exchange between Egypt and Algeria soared 42.4% year-on-year during the first quarter of the current fiscal year.
The trade between both Arab countries reached $201.4 million from January to the end of March 2019, compared to $141.4 million a year earlier, according to the Egyptian Commercial Service (ECS).
Egyptian exports to Algeria went up 11% to $137.2 million in Q1-19 versus $123.6 million in the year-ago period.
On the other hand, Egypt’s imports from Algeria soared to $64.2 million in the three-month period ended 31 March 2019, against $17.8 million the year before.
