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CAIRO - 18 May 2022: Trade exchange between Egypt and Malaysia increased by 81 percent during 2021, to record $809.849 million, compared to $495.261 million in 2020, according to head of the Commercial Office in Kuala Lumpur, Hany Ezzat.
Ezzat explained that the trade balance between the two countries comes in favor of Malaysia with a value of $459.465 million during 2021, compared to $296.234 million in 2020, marking a growth of 55 percent.
He pointed out that there was a boom in Egyptian exports to Malaysia during 2021, to reach $219.5 million, compared to $99.5 million in 2020, marking an increase of 121 percent.
Egypt's non-oil exports to Malaysia hiked 35 percent during 2021 to reach $126,736 million, compared to $94.022 million in 2020, and Egyptian petroleum exports to Malaysia jumped by 1519 percent to $92.777 million, compared to $5.491 million, according to Ezzat.
Head of the Commercial Office in Kuala Lumpur, added that the most important Egyptian exports to Malaysia are “phosphates and fertilizers by 39 percent, oranges and citrus fruits by 25 percent, grapes by 10 percent, other waste from the iron or steel industry by 3 percent, dates by 2 percent, onions by 2 percent, fresh strawberries by 1 percent, other fresh fruits by 1 percent, and other exports by 17 percent.
He pointed out that Egyptian imports from Malaysia increased 72 percent in 2021 to $678,978 million, compared to $395,747 million in 2020.
He noted that the most important Egyptian imports from Malaysia are: palm oil by 29 percent, vegetable and animal oils and fats by 14 percent, items of clothing and accessories by 9 percent, petroleum oils by 5 percent, soap in other forms by 2 percent, and natural rubber by 2 percent, and other imports by 39 percent.