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Egyptian Exports to Arab Nations Reach USD 13.6 Billion

Saudi Arabia emerged as the top importer of Egyptian goods, with imports totaling USD 2.7 billion.
22.05.24 | Source: Scene now

Egyptian exports to Arab nations rose by 8.7% in 2023, reaching USD 13.6 billion, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Saudi Arabia emerged as the top importer of Egyptian goods, with imports totaling USD 2.7 billion. This increase reflects the strengthening trade relations, partnerships, joint projects, and development investments between the two countries. The UAE followed as the second-largest importer with USD 2.2 billion, while Libya, Sudan, and Algeria imported USD 1.8 billion, USD 984.4 million, and USD 850.3 million worth of Egyptian products, respectively.

The leading exports to Arab nations included vegetables and fruits worth USD 1.3 billion in total, machinery and electrical appliances worth USD 1.1 billion, precious stones and jewellery at USD 1 billion, and fuel and mineral oils at USD 753 million, with plastics and their manufactures totaling USD 712 million.

Meanwhile, Egyptian imports from Arab countries decreased to USD 12.4 billion in 2023 from USD 17 billion in 2022. Saudi Arabia was the largest exporter to Egypt, with exports amounting to USD 5.2 billion. Kuwait followed with USD 2.7 billion, and the UAE with USD 2.1 billion. Oman and Bahrain exported USD 717.4 million and USD 399.5 million worth of goods to Egypt, respectively.

Major imported commodities included fuel and mineral oils worth USD 6 billion overall, plastic goods worth USD 2 billion, recycled raw materials at USD 785.1 million, aluminium products at USD 399.2 million, and fish and seafood at USD 213.3 million in total. Despite the increase in exports, the overall trade volume between Egypt and Arab countries fell by 11.8% year-on-year to USD 26 billion in 2023.