New Delhi: Bilateral trade between India and Egypt stood at US$ 4.2 billion from US$ 3.2 billion, registering an increase of 33 per cent, as per data released by the Egyptian Government for the financial year ended June 30, 2012.
Further, export to Egypt from India increased by 29.36 per cent, rising from US$ 1.5 billion to US$ 1.94 billion during the last year. Some of major items exported to Egypt included frozen meat, milled rice, cotton and synthetic yarn, light oils, sesame seeds, cathodes, carbon electrodes, and pneumatic rubber tyres.
During the same period, India's imports from Egypt grew 36.41 per cent from US$ 1.7 billion to US$ 2.3 billion. Crude oil and liquefied natural gas (LNG) accounted for almost US$ 1.97 billion.
Currently, India is Egypt’s seventh largest trading partner.
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