Trade Exchange
Data from the Central Agency for Public Mobilization and Statistics revealed today, Tuesday, that the value of trade exchange between Egypt and Jordan reached $864 million during the year 2023, compared to $990 million during the year 2022, as the value of Egyptian exports to Jordan reached $658 million during the year 2023, compared to $732 million during the year 2022.
Foreign Minister Sameh Shoukry expressed Egypt's aspirations to enhance trade exchange with Turkey during a meeting with Turkish President Recep Tayyip Erdogan in Istanbul on Saturday.
Samir noted that the Egyptian commodity exports to Turkey saw a significant increase, reaching $2.934 billion compared to about $2.288 billion during the same period in 2022, reflecting a 28 percent increase.
Egypt’s exports to China saw a growth of 25.1 percent, reaching $1.8 billion in 2022 compared to $1.5 billion in 2021.
CAPMAS stated that Egyptian exports to Jordan amounted to $726.5 million in 2022, up from $711.1 million in 2021, marking an increase of 2.2 percent.
Egyptian exports to Palestine increased to $200 million during the first 5 months of 2023, compared to $177.9 million during the same period in 2022, marking a growth rate of 12.4 percent.
Egypt’s exports to Jordan rose 24 percent during 2022, reaching $726.5 million during 2022, compared to $711.1 million during 2021.
The trade volume between Egypt and African countries reached $8.6 billion in 2022, compared to $7.5 billion in 2021.
Qatari investments in Egypt increased 2 percent to $518.3 million during the fiscal year 2021/2022, compared to $507.9 million during the fiscal year 2020/2021.
Egypt’s exports to the United States amounted to $1.8 billion during the first 9 months of 2022, compared to $1.9 billion during the same period in 2021, with a slight decrease of 1.7 percent.
Samir stated that German investments in Egypt amounted to about $2.9 billion until the end of April 2022.
Samir said that there are many opportunities to enhance joint cooperation between both countries in many fields.
Emirati-Egyptian economic relations witnessed a qualitative development during 50 years of bilateral cooperation in various fields and sectors and the injection of more quality investments.
Al Thani stressed the good relations between the two chambers of Qatar and Alexandria.
André commented that the hike in the volume of trade exchange confirms that Egypt is a reliable partner to contribute to achieving economic development.
He said that the Egyptian exports reached €1.192 billion in 2021 in comparison to €659 million in 2020 with an increase of 89.5 percent.
The energy sector is one of the most prominent areas of cooperation between both states
Samir elaborated that Lebanon ranks 13th for the countries investing in Egypt.
Trade exchange between Egypt and the United Arab Emirates (UAE) rose 1.4 percent to about $1.2 billion during the first quarter of 2022, compared to $1.1 billion during the same period in 2021.
This came during El-Said’s meeting with Oka Hiroshi, Ambassador of Japan and the new Commissioner of Japan in Egypt; to enhance cooperation between the two countries.
