Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

CAPMAS: Egypt-EU Trade Exchange Records $31.2 Billion


Sun 17 Mar 2024 | 09:10 PM
Taarek Refaat

The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) stated, Sunday, that the value of trade exchange between Egypt and European Union countries recorded $31.2 billion during the year 2023, compared to $38.6 billion during the year 2022, a decrease of 19.2%.

CAPMAS indicated in a statement that the value of Egyptian exports to EU decreased to record $11.8 billion in 2023 compared to $17.3 billion in 2022, a decrease of 31.8%. The value of Egyptian imports from European Union countries also decreased to record $19.4 billion in 2023 compared to $21.3 billion during 2022, a decrease of 9%.

It added, Italy came at the top of the list of European Union countries in terms of Egyptian exports during the year 2023, with the value of Egypt’s exports amounting to $3.1 billion, followed by Spain with a value of $1.8 billion, then Greece with a value of $1.6 billion.

Germany also came at the forefront of the European Union countries in terms of Egyptian imports during the year 2023, with the value of Egypt’s imports amounting to $4.1 billion, followed by Italy with a value of $3.2 billion, then France with a value of $1.6 billion.

The most important commodity groups that Egypt exported to European Union countries for the year 2023 are fuel, mineral oils, and their distillation products worth $2.9 billion, iron and steel worth $1.2 billion, fertilizers worth $987 million, machinery, electrical appliances, and their parts, plastics and their products worth $977 million, plastics, and their products, worth $848 million.

Among the most important groups of goods that Egypt imported from European Union countries for the year 2023 are boilers, machines, mechanical devices and their parts worth $2.7 billion, pharmaceutical products worth $2 billion, fuel, mineral oils and their distillation products worth $1.8 billion, cars, tractors, bicycles and their parts worth $1.6 billion, iron and steel - steel worth $1.1 billion.