The value of trade between Egypt and Libya jumped by 70% during the first half of 2021 to exceed half a billion dollars, reaching $517,173 million, compared to $304.409 million year-on-year.
The foreign trade bulletin issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) indicated that the value of trade between the two countries grew by 58.4% in June to $87.506 million, compared to $55.227 million, year-on-year.
The trade balance between Egypt and Libya came in favor of Egypt with a value of $440.573 million during the period from “January to June 2021”, while Libya accounted for 0.86% of Egypt’s total foreign trade.
68% growth in Egypt’s exports to Libya within 6 months
The value of Egypt’s exports to Libya increased by 68.4% during the first 6 months of 2021, reaching $478,873 million compared to $284,398 million in 2020, accounting for 2.9% of total exports.
The value of Egyptian exports to the Libyan market increased by 55.1% last June to record $83.138 million, compared to $53.594 million, YoY.
Egypt’s imports from Libya increased during the first half
The value of Egypt’s imports from Libya increased by 91.4% during the first half of this year to reach $38.3 million, compared to $20.011 million during the same period in 2020, representing 0.9% of total imports.
While, the value of Egyptian imports from Libya last June recorded a significant growth of 167.5% to reach $4.368 million, compared to $1.633 million in June 2020.