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Egypt's non-oil exports down 16.5% in 2015 from 2014Egypt's non-petroleum exports saw at 16.5% percent drop in value during 2015 compared to the previous year, state news agency MENA said on Monday.Last year, the exports generated $10.6 billion in revenue against $22.2 billion in 2014, MENA said, citing a report from Egypt's general Authority for export and import Control.According to the report, non-oil exports from Egypt to Saudi Arabia diminished by 4 % percent in 2015 compared to the year before. The Kingdom remains at the top of the list of countries importing from Egypt, with a bill of $ 2.3 billion, followed by the U.S. and Turkey with bills amounting to $1.2 billion each.During the same period, the petrochemicals and fertilizers sector achieved the most exports at a value of $ 2.9 billion; the building materials sector came in second with some $2 billion worth of exports, while the food industry sector exported $ 2.6 billion worth of products. Egypt's exports of garments were down six percent in 2015 from 2014 to register at $ 1.4 billion.Last November the state owned carrier Egypt Air suspended shipping of commercial cargo on passenger flights bound of New York and Canada, a decision based on recommendations by the U.S. transportation safety delegation in the aftermath of the Russian jet crash on 31 October.
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