Egyptian exports to the Japanese market have surged by 76% during the first five months of 2020, recording $176 million compared to $100 million during the same period last year, the Egyptian Minister of Trade and Industry Nevine Gamea said on Tuesday.
The Minister also revealed that Egypt’s imports from Japan also rose 18 percent to $443 million, compared to $375 million during January-May period of 2019.
As for imports, she noted that the most important imports were cars, appliances, electrical machinery, plastics, and articles of rubber.
This came during Gamea’s meeting with Ambassador of Japan to Egypt Noke Masaki, to discuss ways to develop the economic relations between the two countries, especially the sectors of industry, trade and small and medium enterprises (SMEs).
The minister affirmed the government's keenness to enhance joint cooperation with Japan in various economic sectors, especially in the industrial sector, to benefit from the experiences and advanced Japanese technologies in this regard.
“Egypt and Japan have historical bilateral relations based on a long history of joint cooperation in various fields and at all levels,” Gamea stated.
She also indicated that the government is keen to attract more Japanese companies to work in the Egyptian market.
