CAPMAS: Egypt's Exports to China Jump By 20.8% in First 11 Months Of 2022Source: www.export-egypt.com 3/11/2023, Location: Africa |
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Egypt's exports to China registered $1.7 billion in the first 11 months of 2022, compared to $1.4 billion in the same period of 2021, marking an increase of 20.8%, announced the Central Agency for Public Mobilization and Statistics (CAPMAS).
In a statement released CAPMAS stated that Egypt's imports from China hit $13.2 billion from January to November 2022, against $13.1 billion in the corresponding period of 2021, recording an increase of 0.6%. The agency stated that trade exchange between Egypt and China hit $14.9 billion from January to November 2022, versus $14.5 billion in the same period of 2021, recording an increase of 2.6%. It explained that China's total investments in Egypt hit $563.4 million in the fiscal year (FY) 2021/2022, compared to $485.2 million in the fiscal year 2020/2021, marking an increase of 16.1%. CAPMAS pointed out that the total remittances of Egyptians working in China stood at $12.77 million in the FY 2020/2021, against $12.81 million in the FY 2019/2020. |
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