CAIRO - 13 August 2023: Trade exchange between Egypt and Palestine rose 12.2 percent during the first five months of 2023 to reach $200 million, compared to $178.3 million during the same period in 2022, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed Sunday.
CAPMAS elaborated that the 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.
Meanwhile, the Egyptian imports from Palestine amounted to $22,000, compared to $323,000 during the same period in 2022, reflecting a decrease of 93.2 percent.
Regarding the top 10 commodity groups exported from Egypt to Palestine during the first five months of 2023, sugar and its products ranked first with a value of $23.6 million, followed by vegetable preparations with a value of $15.8 million, iron and steel with a value of $15.6 million, live animals with a value of $15.2 million, salt and sulfur with a value of $14.4 million, dairy and dairy product manufacturing with a value of $13 million, mill products with a value of $12.2 million, grain or flour or starch-based preparations with a value of $9.8 million, vegetables and plants with a value of $9.6 million, and animal and vegetable fats, oils, and waxes with a value of $6.9 million.
Palestinian investments in Egypt reached $2.5 million during the fiscal year 2021/2022, compared to $1.1 million during the fiscal year 2020/2021, marking an increase of 133.4 percent.