Exports- Creative Commons cia Pixabay
CAIRO - 25 July 2022: Trade exchange between Egypt and Somalia increased by 2.6 percent, recording 67.5 million in 2021, compared to $65.8 million in 2020, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
It added that Egypt’s exports to Somalia increased 10.2 percent during 2021, recording $66.3 million, compared to $60.1 million in 2020.
The CAPMAS indicated, in a statement, Monday, that the value of Egyptian imports from Somalia amounted to $1.3 million in 2021, compared to $5.7 million in 2020, marking a decrease of 77.9 percent.
Remittances from Egyptians expatriates in Somalia recorded $397,000 during the 2020/2021 fiscal year, compared to $1.3 million during the 2019-20 fiscal year, marking a decrease of 68.8 percent.
Meanwhile, the remittances of Somalis expatriates in Egypt increased 160.9 percent, amounting to $120,000 during the 2020-2021 fiscal year, compared to $46,000 during the 2019-20 fiscal year.
The population of Egypt recorded 103.6 million people in 2022, while the population of Somalia recorded 16.8 million people in 2022.
The number of Egyptians in Somalia, according to the mission's estimates, reached 1,200 until the end of 2020.