Egypt's Exports to G20 Surge by 21.1% to $25.6 Billion

The value of Egyptian exports to the G20 countries increased to record $25.6 billion in 2022, compared to $21.1 billion in 2021, an increase of 21.1%, while the value of Egyptian imports from the G20 countries reached $62.5 billion, compared to $58.9 billion during the comparative years, an increase of 6.1%.

Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) showed an increase in the value of trade exchange between Egypt and the G20 countries, reaching $88.1 billion in 2022, compared to $80 billion in 2021, increase rate of 10.1%.

Turkey came at the top of the list of the top 10 G20 countries importing from Egypt during 2022 with the value of $4 billion.

Italy came in second place with a value of $3.4 billion, then Saudi Arabia with a value of $2.5 billion, then the U.S. with a value of $2.3 billion, then South Korea with a value of $2 billion, then India with a value of $1.9 billion, then China with a value of $1.8 billion, then France with a value of $1.8 billion, then the United Kingdom with a value of $1.7 billion, and finally Canada with a value of $959.5 million.

China topped the list of the top 10 G20 countries exporting to Egypt during 2022, with the value of $14.4 billion.

 Saudi Arabia came in second place with a value of $7.9 billion, then the U.S. with a value of $6.8 billion, then Russia with a value of $4.1 billion, then India with a value of $4.1 billion, then Germany with a value of 4 billion dollars, then Turkey. With a value of $3.7 billion, then Brazil with a value of $3.6 billion, then Italy with a value of $3.5 billion, and finally France with a value of $2.2 billion.

The value of the investments of the G20 countries in Egypt amounted to $24 billion during the fiscal year 2021/22, compared to $21.2 billion during the fiscal year 2020/2021, an increase of 13.3%.

Saudi Arabia ranked first in the list of the top 10 G20 countries investing in Egypt during the fiscal year 2021/22, with investments worth $8.5 billion.

The U.S. came in second place with a value of $7 billion, the United Kingdom with a value of $6.6 billion, then China with a value of $369.4 million, then Germany with a value of $331.6 million, then France with a value of $315.6 million, then India with a value of $266.1 million, then South Africa with $220.3 million, then Italy with $104.8 million, and finally South Korea with $53.1 million.

The value of remittances from Egyptians working in G20 countries recorded $14.3 billion during the fiscal year 2021/22, compared to $13.9 billion during the fiscal year 2020/21, an increase of 2.9%.

Saudi Arabia ranked among the top 10 G20 countries in terms of remittances from Egyptians working there during the fiscal year 2021/22 with a value of $11 billion.

The U.S. came in second place with a value of $1.7 billion, then the United Kingdom with a value of $863.8 million, then Germany with a value of $203.3 million, then Canada with a value of $138.5 million, then France with a value of $120 million, then Italy with a value of $106.3 million, Australia with a value of $59.4 million, Brazil with a value of $42.4 million, and finally South Korea with a value of $30.1 million.