Trade exchange with Lebanon hits dlrs 643 mln in 2018: cabinet

CAIRO – 3 May 2019: The trade exchange between Egypt and Lebanon recorded 643 million dollars in 2018 with Egypt’s exports to the Arab country hitting 527 million dollars.

Egypt’s imports from Lebanon stood at 116 million dollars in 2018, the cabinet media center said in a report issued on Friday.

Stone products, cement, steel, cast iron, agricultural products, cosmetics, and home appliances topped the list of Egypt’s exports to Lebanon, while hair care products, wheat, scrap metal and books accounted for Egypt’s key imports from Lebanon.

With total investments of 1.16 billion dollar, pumped by 1,342 companies, Lebanon has been labelled Egypt’s third fastest growing foreign investor since 2011.

Lebanon ranked the ninth among countries with investments in Egypt, the report added