Trade exchange bet. Egypt, Bahrain reaches $917.2M

CAIRO - 29 June 2022: Trade exchange between Egypt and Bahrain surged 128.7 percent during 2021, to reach $917.2 million, compared to $401 million in 2020, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

 

CAPMAS clarified that Egypt’s exports to Bahrain amounted to $450.7 million in 2021, compared to $139.3 million in 2020, marking an increase of 223.5 percent.

 

On the other hand, Egypt’s imports from Bahrain amounted to $466.5 million, compared to $261.7 million, with an increase of 78.2 percent

 

The most important commodity groups exported by Egypt to Bahrain during 2021 were books, newspapers and pictures worth $387.1 million, fruits worth $9.3 million, machinery, appliances and electrical equipment worth $9.1 million, mineral fuels, mineral oils and their distillation products worth $7.3 million, and vegetables and plants worth $6.2 million.

 

While the most important commodity groups that Egypt imported from Bahrain during 2021 were metal ores worth $296.4 million, aluminum and its products worth $129.2 million, iron and steel worth $21.8 million, plastics and their products worth $4.1 million, and copper and its products worth $3.7 million.

 

According to the statistic-body, remittances from Egyptian expatriates in Bahrain hiked 18.6 percent, recording $127.7 million during the fiscal year 2019-2020, compared to $107.7 million during the fiscal year 2018-2019, while the remittances of Bahraini expatriates in Egypt amounted to $1.8 million during the fiscal year 2019-2020. compared to $3.1 million during the fiscal year 2018-2019, marking a decrease of 40.6 percent.

 

Bahraini investments in Egypt amounted to $174.6 million during the fiscal year 2019-2020, compared to $119 million during the fiscal year 2018-2019, marking an increase of 46.8 percent.

 

The population of Egypt recorded 103.5 million people in 2022, while the population of Bahrain recorded 1.9 million people in 2022, and the number of Egyptians in Bahrain, according to the mission’s estimates, reached 23,000 Egyptians until the end of 2020.