CAIRO - 8 December 2022: The volume of trade exchange between Egypt and Arab countries hit $21.9 billion during the first nine months of FY 2022, compared to $18.4 billion in the same period of 2021 with an increase of $3.5 billion, according to the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS).
In a statement issued Thursday, the CAPMAS said Egypt exports to Arab countries rose by $620 million to reach $8.8 billion in the first nine months of 2022, compared to $8.2 billion in the same period in 2021, with an increase rate of 7.6 percent.
In the first nine months of 2022, Saudi Arabia ranked first among the first ten Arab countries importing from Egypt, followed by the UAE, Libya and Sudan, recording imports to the tune of $1.8 billion, $1.3 billion, $874.6 million and $637.6, respectively, it said.
The list of top Arab importers from Egypt also included Morocco, Jordan, Algeria, Iraq, Kuwait and Lebanon, recording imports worth $628.2 million, $554.5 million, $546.8 million, $379 million, 346.9 million and 335.3 million, respectively, the CAPMAS added.
Egypt imports from Arab countries rose 27.9 percent, to reach $13.1 billion in the first nine months of 2022, compared to $10.3 billion in the same period in 2021, it said.
The list of top Arab exporters to Egypt included Saudi Arabia, Kuwait, the UAE, Oman, Bahrain, Sudan, Jordan, Lebanon, Algeria and Libya with exports worth $6.4 billion, $2.4 billion, $2.2 billion, $625.7 million, $423.4 million, $364.3 million, $184.5 million, $161.4 million, $101.3 million and $80.5 million, respectively, it added.
According to CAMPAS, Arab investments in Egypt spiked 163.8%, to hit $8.2 billion in FY 2021/2022 compared to $3.1 billion in FY 2020/2021.