Trade Exchange
He said that the Egyptian exports reached €1.192 billion in 2021 in comparison to €659 million in 2020 with an increase of 89.5 percent.
The energy sector is one of the most prominent areas of cooperation between both states
Samir elaborated that Lebanon ranks 13th for the countries investing in Egypt.
Trade exchange between Egypt and the United Arab Emirates (UAE) rose 1.4 percent to about $1.2 billion during the first quarter of 2022, compared to $1.1 billion during the same period in 2021.
This came during El-Said’s meeting with Oka Hiroshi, Ambassador of Japan and the new Commissioner of Japan in Egypt; to enhance cooperation between the two countries.
Trade exchange between Egypt and India hit a record of $7.26 billion in the fiscal year 2021-2022 up by 75 percent from the previous year, Indian Ambassador to Cairo Ajit Gupte has said.
Egypt’s exports to Somalia increased 10.2 percent during 2021, recording $66.3 million, compared to $60.1 million in 2020.
The FEDCOC chairman said the Egyptian market is among most leading and promising markets in the globe in terms of luring direct investments, adding that economic reform programs the government has introduced succeeded in placing Egypt on road to real development.
El-Araby received the report of the advisors' committee on the development of Egyptian-German economic relations to discuss all joint trade and investment opportunities, following the decline in German imports from the Russian and Ukrainian markets.
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.
The agency added the volume of Egyptian exports to Oman hit $163.3 million in 2021, compared to $170.2 million in 2020 with a 4.1 percent decrease.
The Egyptian investments in Saudi Arabia amount to $5 billion through more than 802 Egyptian companies.
The minister made the remarks during her participation in St. Petersburg International Economic Forum, according to a press release by the trade ministry.
Jordan is among the list of the most important importers of Egyptian food industries worldwide during the first quarter of 2022 with exports worth $47 million to grow by 6percent against the exports of 2021 during the same period.
Ezzat explained that the trade balance between the two countries comes in favor of Malaysia with a value of $459.465 million during 2021, compared to $296.234 million in 2020, marking a growth of 55 percent.
Bouden made the statements in a speech during the Egyptian-Tunisian economic forum held on the sidelines of the 17th session of the Egyptian-Tunisian Joint Higher Committee held in Tunisia and co-chaired by the prime ministers of both countries on 12-13 May.
It added that China's imports from Egypt reached $1.7 billion dollars, with a jump of 84.8 percent year on year.
The most important items of trade exchange between the two countries include fertilizers, electrical appliances, food preparations, oilseeds, dairy products and wool.
Games elaborated that the trade exchange included $42 million in exports and $24 million in imports.
The meeting also took up the latest economic developments at the regional and international levels, according to a statement by the Trade and Industry Ministry.
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