Trade Exchange
Qatari investments in Egypt increased 2 percent to $518.3 million during the fiscal year 2021/2022, compared to $507.9 million during the fiscal year 2020/2021.
Egypt’s exports to the United States amounted to $1.8 billion during the first 9 months of 2022, compared to $1.9 billion during the same period in 2021, with a slight decrease of 1.7 percent.
Samir stated that German investments in Egypt amounted to about $2.9 billion until the end of April 2022.
Samir said that there are many opportunities to enhance joint cooperation between both countries in many fields.
Emirati-Egyptian economic relations witnessed a qualitative development during 50 years of bilateral cooperation in various fields and sectors and the injection of more quality investments.
Al Thani stressed the good relations between the two chambers of Qatar and Alexandria.
André commented that the hike in the volume of trade exchange confirms that Egypt is a reliable partner to contribute to achieving economic development.
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.
Most Read
