Professional Documents
Culture Documents
from US$ 3.2 billion to US$ 4.2 billion, leaving India with trade deficit of about US$ 350 million. Since FY 2006-07, India has been among the top five importers of Egyptian products; Egyptian goods exported during the last one year alone have grown by 36.41%, rising from US$ 1.7 billion to US$ 2.3 billion. The rapid increase in Indias imports has pushed it to the position of the second largest destination for Egyptian exports after Italy. However, crude oil and LNG account for almost US$ 1.97 billion. Compared to FY 2009-10, Indian exports increased by 2.4% in FY 2010-11, whereas Indian imports increased by more than 15%. As a result the trade balance is in favour of Egypt by US $ 163 million. India-Egypt trade has witnessed an healthy increase of 33 per cent from $ 3.2 billion to $ 4.2 billion during the last fiscal, according to official trade figures
Major items of Indias exports include frozen meat, milled rice, cotton and synthetic yarn, light oils, sesame seeds, cathodes, carbon electrodes, and pneumatic rubber tyres. These also included motorcycles (vehicles) and telephone sets.. India's imports from Egypt during the same period grew 36.41 per cent from $1.7 billion to $2.3 billion. Of these, crude oil and liquefied natural gas (LNG) accounted for almost $1.97 billion. Other major items in Indian import basket include phosphates, cotton and ammonia. India is now Egypts seventh largest trading partner and that New Delhis steep increase in imports has made it the second largest destination for Egypts exports after Italy. India is placed 11th in terms of Egypts imports.
Exports - partners of Egypt: Italy 8.7%, India 7.3%, Saudi Arabia 6.1%, US 5.2%, Turkey 4.9%, Spain 4.2%, France 4.2% (2011)
Egypt's imports from India Unit : US Dollar thousand Product label Value in 2009 Cotton Paper and paperboard, articles of pulp, paper and board 125,033 Value in 2010 107,915 Value in 2011 184,804
24,927
27,502
16,436
125,180
99,058
77,998
45,716
101,647
97,347
194,884
281,437
226,181
Egypt's exports to India Unit : US Dollar thousand Product label Value in 2009 Mineral fuels, oils, distillation products, etc Salt, sulphur, earth, stone, plaster, lime and cement 1,152,156 Value in 2010 924,040 Value in 2011 1,973,147
83,258
39,795
82,971
Cotton
25,196
107,758
71,303
Period Trade Flow 2008 2009 2010 2011 Export Export Export Export
Trade Value $1,658,793,656 $1,455,156,195 $1,227,896,481 $2,265,444,876 Period 2009 2010 2011
To
Product