Egypt’s Trade With G20 Countries Hit $88 Bln in 2022Source: www.export-egypt.com 9/18/2023, Location: Africa |
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The trade exchange between Egypt and G20 countries reached $88 billion in 2022, up 10 percent from $80.1 billion in 2021, reported by the Central Agency of Public Mobilization and Statistics (CAPMAS).
Egypt’s exports to the bloc surged by 21.1 percent year-on-year (YoY) to $25.5 billion in 2022.
Imports from the bloc also grew by 5.9 percent YoY to $62.4 billion.
Exports to G20 In 2022, Turkey was the top importer from Egypt among the G20, with a total value of $3.9 billion. Italy and Saudi Arabia trailed behind with $3.4 billion and $2.4 billion, respectively. The United States imported $2.3 billion worth of goods from Egypt. Both South Korea and India imported $1.9 billion in foods from Egypt.. Imports from G20 Meanwhile, China and Saudi Arabia were the first and second largest exporters to Egypt among the G20 with their exports reaching $14.4 and $7.8 billion, respectively. The exports of US, Russia, India, and Germany to Egypt reached $6.7, $4.1, $4.1, and $4 billion, respectively. Remittances from Egyptians working in the G20 countries increased by 3.6 percent YoY to $15.1 billion in 2021/2022. Earlier in September, President Abdel-Fattah El-Sisi participated in the 18th G20 summit in India. |
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