Non-oil exports up 9.3% y-o-y in 9M2017

Egypt’s non-oil exports increased 9.3% y-o-y to USD 15.4 bn during 9M2017, Al Masry Al Youm reports. Chemicals and fertilizers exports grew the most, registering a growth rate of 38% y-o-y to record 3.12 bn. Agricultural exports increased by 13.9% y-o-y in 9M2017 to reach 4.1 mn tonnes compared to 3.6 mn tonnes a year earlier, Agriculture Ministry spokesman Hamid Abdel Dayim said, according to Reuters. The proceeds amounted to USD 1.72 bn, growing 4% y-o-y, as exports of potatoes, grapes and strawberries rose. Reuters also noted that the volume increase “comes after a turbulent year for Egyptian produce, with a Hepatitis A scare in North America linked to Egyptian strawberries and a temporary ban on Egyptian fruits and vegetables in Russia, one of Cairo’s major buyers.”