Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed a significant jump in Egyptian exports to India during the year 2021, recording $2.6 billion from $1.4 billion in 2020, an increase of 85.7%.
CAPMAS said that Egyptian exports to India reached $1.5 billion in 2019, from $1.1 billion in 2018, and $0.9 billion in 2017.
The Central Statistical Organization stated that the value of Egyptian imports from India amounted to $3 billion in 2021 from $2.6 billion in 2020, an increase of 15.4%.
The Egyptian imports from India reached $2.94 billion in 2019, from $2.28 billion in 2018, and $2.34 in 2017.
The value of trade exchange between Egypt and India increased during the first 10 months of 2022, as the exchange value reached $5.2 billion from $4.3 billion in 2021.
The value of Egyptian exports to India amounted to $1.5 billion during the first 10 months of 2022, compared to $1.8 billion during the same period in 2021, a decrease of 13.7%.
The agency pointed out that the value of Egyptian imports from India recorded $3.7 billion during the first 10 months of 2022, compared to $2.5 billion during the same period in 2021, an increase of 44.8%.
The most important commodity groups that Egypt exported to India during the first 10 months of this year
The most important commodity groups that Egypt exported to India during the first 10 months of 2022 were fuel, mineral oils and their distillation products worth $878 million, inorganic chemical products worth $199.7 million, fertilizers worth $185.7 million, salt, sulfur and stones worth $68.4 million, and cotton worth $61.9 million.
The most important commodity groups that Egypt imported from India during the first 10 months of 2022 were meat worth $588.7 million, Iron and steel with a value of $507.3 million, fuel, mineral oils and their distillation products with a value of $440.6 million, organic chemical products with a value of $298.7 million, and boilers, machinery and equipment with a value of $210.4 million.
It is noteworthy that the value of remittances of Egyptians working in India recorded $5.82 million during the fiscal year 2020/21 compared to $5.75 million during the fiscal year 2019/20, an increase of 1.1%.
While the value of remittances from Indians working in Egypt amounted to $14.35 million during the fiscal year 2020/21, compared to $14.32 million during the fiscal year 2019/20, an increase of 0.2%.
The number of Egyptians residing in India, according to the mission's estimates, is 300 Egyptians by the end of 2021.
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