$147 Million in Egyptian exports to South Korea during 1997

Egyptian Minister of Trade Ahmed Goweili said that commercial and economic relations with South Korea positively developed during the last period, stating that Egyptian exports increased from $86.7 million in 1996 to $147.7 million in 1997, an increase of 70.4%, while Egyptian imports fell from $473.5 million in 1996 to $442.9) million in 1997, a drop of 6.5%.

He said, "Most of our imports from Korea are represented in cars, spare parts, cables, ship electricity generation sets, electric converters and household goods."

He added, "Our exports to Korea are represented in raw petroleum, petroleum products, raw cotton, and textiles."