CAIRO - 20 May 2024: The volume of trade exchange between Egypt and the Arab countries reached $26 billion in 2023, a decline from $29.5 billion in the previous year, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
According to CAPMAS, Egypt's exports to Arab countries increased to $13.6 billion in 2023, up from $12.5 billion in 2022.
Leading the pack of Egypt's Arab export markets was Saudi Arabia, which imported $2.7 billion worth of Egyptian products. This was followed by the UAE ($2.2 billion), Libya ($1.8 billion), Sudan ($984.4 million), and Algeria ($850.3 million).
The top Egyptian export commodities to the Arab world in 2023 were vegetables and fruits ($1.3 billion), machinery and electrical appliances ($1.1 billion), pearls and jewelry ($1 billion), fuel and mineral oils ($753 million), and plastics ($712 million).
On the import side, Egypt's imports from Arab countries declined to $12.4 billion in 2023, down from $17 billion the previous year.
Saudi Arabia was the largest exporter to Egypt at $5.2 billion, followed by Kuwait ($2.7 billion), the UAE ($2.1 billion), Oman ($717.4 million), and Bahrain ($399.5 million).
Additionally, the value of Arab countries' investments in Egypt recorded $7.3 billion during the 2022/2023 fiscal year, down from $8.2 billion the previous year.
The UAE was the top Arab investor in Egypt, pumping in $3 billion, followed by Saudi Arabia ($2.4 billion), Kuwait ($632.6 million), Qatar ($548.2 million), and Bahrain ($337 million).
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