The value of trade exchange between Egypt and the G20 increased to record $61 billion during the first 9 months of 2024, compared to $55.6 billion during the same period in 2023, as the value of Egyptian exports to the G20 amounted to $14.4 billion during the first 9 months of 2024, compared to $14.9 billion during the same period in 2023, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
Italy topped the list of the G20 countries importing the most from Egypt during the first 9 months of 2024, with the value of Egypt's exports to it amounting to $2.9 billion, followed by Saudi Arabia with $2.4 billion, then Turkey with $2.3 billion, then the United States with $1.7 billion, then the United Kingdom with $1.2 billion, then France with $811 million, then Germany with $717 million, then Brazil with $585 million, then Russia with $466 million, then India with $423 million.
The most important commodity groups exported to the G20 during the first 9 months of 2024 were:
• Fuel, mineral oils and distillation products worth $2.4 billion.
• Vegetables and fruits worth $1.7 billion.
• Ready-made clothes worth $1.5 billion.
• Electrical machinery and appliances and their parts worth $962 million.
• Fertilizers worth $961 million.
• Plastics and their products worth $887 million.
Iron and steel worth $830 million.
The value of Egyptian imports from the G20 group amounted to $46.6 billion during the first 9 months of 2024, compared to $40.7 billion during the same period in 2024.
China topped the list of the G20 group's top exporters to Egypt during the first 9 months of 2024, as the value of Egypt's imports from it amounted to $11.3 billion, followed by the United States of America with $5.2 billion, then Saudi Arabia with $5.1 billion, then Russia with $4.5 billion, then Germany with $3.3 billion, then Brazil with $2.9 billion, then Italy with $2.6 billion, then Turkey with $2.4 billion, then India with $2.2 billion, then the United Kingdom with $1.5 billion.
The most important commodity groups imported from the G20 during the first 9 months of 2024:
• Electrical and mechanical equipment and devices worth $8.2 billion.
• Mineral fuels and oils and their distillation products worth $6.9 billion.
• Iron and steel and its products worth $4.1 billion.
• Grains worth $3.4 billion.
• Cars, tractors, bicycles and their parts worth $2.7 billion.
• Plastics and their products worth $2.5 billion.
• Chemical products worth $1.7 billion.
The agency's data revealed that the value of remittances of Egyptians working in the G20 group recorded $11.1 billion during the fiscal year 2022/2023, compared to $14.3 billion during the fiscal year 2021/2022.
Saudi Arabia came first in the list of the highest G20 countries in the value of Egyptian remittances during the fiscal year 2022/2023, as the value of remittances of its workers amounted to $8.3 billion, followed by the United States of America with $1.6 billion, then the United Kingdom with $560 million, then Germany with $129.8 million, then Canada with $118 million, then Italy with $104.4 million, then France with $79 million, then Australia with $54.6 million, then Turkey with $30.1 million, then China with $19.5 million.
The volume of remittances of workers from the G20 countries in Egypt amounted to $215.6 million during the fiscal year 2022/2023, compared to $237.9 million during the fiscal year 2021/2022.
The United Kingdom ranked first in the value of remittances from foreigners from the G20 group in Egypt, as the value of remittances from workers from the United Kingdom in Egypt amounted to $54.9 million, followed by the United States of America with $30.7 million, then Saudi Arabia with $26.1 million, then India with $23 million, then Germany with $15.2 million, then Canada with $11.3 million, then Turkey with $10.7 million, then France with $9.7 million, then Australia with $9.2 million, then South Africa with $6.1 million.
The value of G20 investments in Egypt amounted to $12 billion during the fiscal year 2022/2023, compared to $8.7 billion during the fiscal year 2021/2022.
The value of Egyptian investments in the G20 group also amounted to $8.2 billion during the fiscal year 2022/2023, compared to $7.9 billion during the fiscal year 2021/2022.
According to the mission's estimates, the number of Egyptians in the G20 group reached 4.1 million Egyptians by the end of 2023.
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