Egypt’s exports to three Arab countries – Bahrain, Jordan, and Iraq – have increased in 2021 and the first quarter of the FY 2021-2022.
According to a Central Agency for Public Mobilization and Statistics (CAPMAS) report on Monday, Egypt’s exports to Bahrain hit $450.7 million in 2021, compared to $139.3 million in 2020, an increase of 223.5 percent
On the other hand, Egypt’s imports from Bahrain in 2021 amounted to $466.5 million, compared to $261.7 million, an increase of 78.2 percent
Trade exchange between Egypt and Bahrain surged 128.7 percent during 2021 to reach $917.2 million, up from $401 million in 2020.
The most important commodity groups exported by Egypt to Bahrain during 2021 were books, newspapers and pictures worth $387.1 million; fruits worth $9.3 million; machinery, appliances and electrical equipment worth $9.1 million; mineral fuels, mineral oils and products of their distillation worth $7.3 million; and vegetables and herbs worth $6.2 million.
Meanwhile, the most important commodity groups that Egypt imported from Bahrain during 2021 were metal ores worth $296.4 million; aluminum and its products worth $129.2 million; iron and steel worth $21.8 million; plastics and their products worth $4.1 million; and copper and its products worth $3.7 million.
According to CAPMAS, remittances from Egyptian expatriates in Bahrain recorded $104 million during the fiscal year 2020-2021, an 18.5 percent decrease from $127.7 million in compared to the fiscal year 2020-2021.
Meanwhile, remittances of Bahraini expatriates in Egypt amounted to $1.9 million during the fiscal year 2019-2020 compared to $1.8 million during the fiscal year 2020-2021, an increase of 1.2 percent.
Bahraini investments in Egypt amounted to $160.4 million during the fiscal year 2020-2021, compared to $174.6 million during the fiscal year 2019-2020, a decrease of 8.2 percent.
In the case of Jordan, Egypt’s exports to the Hashemite Kingdom increased during the first quarter of 2022 to $198.9 million, up 10.5 percent from the $180 million recorded during the same period in 2021.
Egypt’s imports from Jordan hit $62.5 million during the first quarter of 2022, up 51.2 percent from the $41.3 million recorded during the same period a year earlier.
Trade exchange between Egypt and Jordan recorded $361.4 million during the first quarter of 2022, up from $221.3 million during the same period of 2021, an increase of 18.1 percent.
The most important commodities that Egypt exported to Jordan during the first quarter of 2022 were mineral fuel, mineral oils and products of their distillation at $56.9 million.
Remittances of Egyptians working in Jordan recorded $774.2 million during the fiscal year of 2020-2021, up from $678.5 million during the same period of the fiscal year 2019-2020, an increase of 14.1 percent.
The value of Jordanian investments in Egypt was estimated at $56.7 million during the fiscal year 2020-2021, down from $58.4 million during fiscal year 2019-2020.
CAPMAS also published a report on trade between Egypt and Iraq.
According to the report, trade exchange between Egypt and Iraq increased 14.1 percent in the first quarter of 2022, recording $147.3 million, up from $129.1 million in the same period last year.
Egypt’s exports to Iraq hit $141.8 million in the first three months of 2022, up from $124.1 million in the corresponding period in 2021.
Egypt’s imports from Iraq also rose 11.3 percent to record $5.5 million in the first quarter of 2022, up from $5 million in 2021.
CAPMAS had issued a report earlier on Monday on the UAE investments in Egypt, which leapfrogged by 169 percent during the first half of Fiscal Year 2021-2022, reaching $1.9 billion, up from $712.6 million during the same period in 2020-2021.
The CAPMAS reports come at the leaders of UAE , Bahrain, Jordan and Iraq visit Egypt to hold a five-country Arab meeting with President Abdel-Fattah El-Sisi in New Alamein city, in which they discussed ways to boost bilateral relations and cooperation among them.
