Testimonials

Very good service provided by RW Freight for our Imports from Sweden. Great communication and always kept up to date if anything does change.

Swedish Import Freight
77356

We were very impressed with RW Freight's import service from Ningbo, China. Will most definantly use RW Freight again on our next import from China.

Freight Importer from Ningbo China
70431

Exports to Norway are fast and reliable when using RW Freight Services. Would highly recommend.

Norway Groupage Exporter
42756

More Testimonials

air freight Australia Brexit Canada cargo China container containers Denmark exporters exports exports China Finland France freight freight forwarders freight forwarding Freight Shipping Germany Gothenburg Hong Kong imports India Ireland italy Japan logisitics logistics Netherlands Norway Poland rail freight russia Seafreight shipping South Africa Spain Sweden Sweden freight Swedish Switzerland Turkey U.S.A USA wine

Egyptian exports decline in April

Tags: ,

Non-petroleum exports from Egypt declined 11% during the month of April, earning $1.8 billion compared to $2bn during the same month the year before, according to the Ministry of Industry, Foreign Trade, and Investment’s monthly report.

Since the beginning of the year to April, exports declined 2%. This is despite the increase in revenue when calculating the total amount in Egyptian pounds rather than dollars, wherein the first four months of the year amounts to EGP 52.9bnm as compared to EGP 52.3bn during the same period last year.

The Ministry of Industry, Foreign Trade, and Investment amended the method of calculating the value of exports using the dollar-denominated value instead of the pound to reflect a more realistic position for its exports. This is in light of the pound’s decline in value versus the dollar over the past three years. The dollar is currently bought at EGP 7.03 and sold at EGP 7.07.