Fri. Nov 22nd, 2024

The Central Agency for Mobilization and Statistics reported that the volume of trade exchange between Egypt and the Arab countries decreased to $ 26 billion during 2023, compared to $ 29.5 billion in 2022.

The data showed that the value of Egyptian exports to Arab countries reached $ 13.6 billion during 2023, compared to $ 12.5 billion during 2022.

Saudi Arabia topped the list of Arab countries that imported from Egypt with a value of $ 2.7 billion during 2023, followed by the UAE with $ 2.2 billion, Libya with $ 1.8 billion, Sudan with $ 984.4 million, and Algeria with $ 850.3 million.

The agency pointed out that the most important Egyptian commodity groups exported to Arab countries during 2023 were vegetables and fruits with a value of $ 1.3 billion, followed by machinery and electrical appliances with a value of $ 1.1 billion, pearls, precious stones and jewelry with a value of $ 1 billion, and fuel, mineral oils and distillation products with $ 753 million.

As for Egyptian imports from Arab countries, they amounted to $ 12.4 billion during 2023, compared to $ 17 billion during the previous year.

Saudi Arabia ranked first in the list of the highest Arab countries exporting to Egypt with a value of $ 5.2 billion during 2023, followed by Kuwait with $ 2.7 billion, the UAE with $ 2.1 billion, the Sultanate of Oman with $ 717.4 million, and Bahrain with $ 399.5 million.

The data indicates that the value of Arab investments in Egypt amounted to $ 7.3 billion during the period from 2022/2023, compared to $ 8.2 billion during 2021/2022.

The UAE ranked first in the list of the highest Arab countries investing in Egypt during the fiscal year 2023/2022, where the value of its investments in Egypt recorded $ 3 billion, followed by Saudi Arabia with $ 2.4 billion, Kuwait with about $ 632.6 million, Qatar with $ 548.2 million, and Bahrain with about $ 337 million.

The data of the agency revealed that the value of remittances of Egyptians working in Arab countries recorded $ 14.3 billion during the fiscal year 2022/2023, compared to $ 21.5 billion during the year 2021/2022.

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