Indonesia exports to Egypt touched USD1.34 bn in 2014

YarnsandFibers News Bureau 2015-03-22 14:00:00 – Jakarta

The demand for Indonesian goods is pretty high in Egypt, said Indonesian Ambassador to Egypt Nurfaizi Suwandi on the sidelines of the Cairo International Fair (CIF), the largest annual trade exhibition in Egypt and hence they are committed to continue increasing their exports to Egypt.

The primary Indonesian goods exported to Egypt included yarn, textile, handicrafts, crude palm oil (CPO), coffee, tea, paper, tires, electronic devices, and vehicle spare parts as per Indonesian embassy’s trade attaché in Cairo.

The value of Indonesian exports to Egypt has increased by 21.71 percent to US$1.34 billion throughout the 2014 fiscal year from the $1.1 billion recorded in the previous year.

Nurfaizi Suwandi said that the double-digit increase showed Jakarta’s commitment to continue exploring economic and trade activities with Cairo.

There are 17 companies participating at the CIF’s Indonesian stand consisting of 10 Indonesian firms, five Cairo-based companies and two Indonesian-Egypt joint venture firms.

Tutu Nurhasanah from PT Syukestex, one of the participants from Indonesia said that their batik and textiles have already penetrated the market in Dubai. Now they want to try to enter the Egyptian market.

This year the Cairo International Fair (CIF) is a well-established multi-sectorial trade event is an unique platform for marketing products and services. It enables participants from overseas to introduce new and improved technologies on Egypt and Middle East markets will held from March 18 to 27.

CIF 2014 attracted more than 800 exhibitors from 15 countries and the number of visitors was more than one million.

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