• Advertise
  • Privacy & Policy
  • Contact
Sunday, July 20, 2025
itida
Egyptian Gazette

Editor-in-Chief

Mohamed Fahmy

Board Chairman

Tarek Lotfy

  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Flight schedules
    • EgyptAir booking
    • Snippets from EgyptAir history
    • EgyptAir history
    • Your Shipment On Time
    • Discover the World of Shopping
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Flight schedules
    • EgyptAir booking
    • Snippets from EgyptAir history
    • EgyptAir history
    • Your Shipment On Time
    • Discover the World of Shopping
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
No Result
View All Result
Egyptian Gazette
No Result
View All Result
Home Business

‘Egypt tops trade partners for Moscow in Africa during 2023’

by News Wires
October 6, 2023
in Business, World
'Egypt tops trade partners for Moscow in Africa during 2023' 1 - Egyptian Gazette
Share on FacebookWhatsapp

MOSCOW – The Russian Ministry of Economic Development said that Egypt ranked first among the top five African countries in terms of trade turnover with Russia for January-August 2023.

In a statement, the Russian Ministry of Economic Development said that Egypt was followed by Algeria, Morocco, Tunisia and Libya, Russia Today reported.

The volume of trade turnover between Russia and African countries in the eight months of 2023 increased by 43.5% compared to the same period of the previous year and amounted to $15.5 billion, the Russian media outlet reported according to MENA, citing the Ministry of Economic Development’s data prepared for one of the events in the nation’s parliament.

In 2022, trade turnover between Russia and Africa amounted to $18 billion, said Russian President Vladimir Putin. Of this, Russian exports accounted for $14.8 billion. According to Putin, over 50% of Russian supplies to Africa are machinery and equipment, chemical products, and food.

According to the Bank of Russia, in July 2023, 12.7% of Russian exports to Africa were in rubles, and almost 79% in “other currencies,” which mainly includes the Chinese yuan. At the same time, the share of “other currencies” jumped from 39% in June 2023.

In 2022, Egypt’s supplies to Russia mainly consisted of fruits, the Egyptian statistical service reported. Egypt’s imports from Russia were dominated by grain and timber. Algeria and Libya are heavily dependent on Russian wheat imports, local media reported.

Tags: BUSINESSEgyptRussiatrade

Discussion about this post

ADVERTISEMENT
egyptian-gazette-logo

The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
It was first published on January 26, 1880 and it is part of El Tahrir Printing and Publishing House.

Follow Us

Gazette Notifications

Would you like to receive notifications on our latest news ?

  • Advertise
  • Privacy & Policy
  • Contact

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Flight schedules
    • EgyptAir booking
    • Snippets from EgyptAir history
    • EgyptAir history
    • Your Shipment On Time
    • Discover the World of Shopping
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.