Mediaboss Marketing

According to aCentral 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, Egypts 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 2021to 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 tothe fiscal year 2020-2021.

Meanwhile, remittances of Bahraini expatriates in Egypt amounted to $1.9 million during the fiscal year 2019-2020compared 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 increasedduring the first quarter of 2022 to $198.9 million, up10.5 percent from the $180 millionrecorded during the same period in 2021.

Egypt's imports from Jordan hit $62.5 millionduring the first quarter of2022, 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 millionduring 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 millionduring the fiscal year of 2020-2021, up from $678.5 millionduring 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 millionduring the fiscal year 2020-2021, down from $58.4 millionduring fiscal year 2019-2020.

CAPMAS also published a report ontrade between Egypt and Iraq.

According to the report, trade exchange between Egypt and Iraq increased 14.1 percentin the first quarter of 2022,recording $147.3 million, up from $129.1 millionin the same period last year.

Egypt's exports to Iraq hit $141.8 millionin the first three months of 2022, up from $124.1 millionin the corresponding period in 2021.

Egypt's imports from Iraq also rose 11.3 percent to record $5.5 millionin the first quarter of 2022, up from $5 millionin 2021.

CAPMAS hadissued a reportearlier on Mondayon theUAE 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 visitEgypt to hold a five-country Arab meetingwith President Abdel-Fattah El-Sisi in New Alamein city, in which they discussed ways to boost bilateralrelations and cooperation among them.

Short link:

View original post here:
Egypt's exports to Bahrain, Jordan, Iraq increase during the 1st half of FY 2021-2022 - Economy - Business - Ahram Online