Learn about the reasons why Egypt’s exports to the Group of Twenty increased to $17.9 billion

Egyptian exports to G20 countries experienced a significant increase in the first months of the current year 2022, as exports recorded $17.9 billion in the first 8 months of the year, compared to $12.6 billion in the same period of 2021, an increase of 42.9%. .

Data from the Central Agency for Public Mobilization and Statistics tracked a set of indicators as follows:

The value of Egyptian imports from G20 countries increased to $42.9 billion, a 13.6% increase compared to $37.8 billion in the same period in 2021. .

The value of trade between Egypt and G20 countries increased to $60.9 billion, compared to $50.4 billion in the same period in 2021, an increase of 20.9%. .

In the first 8 months of 2022, Turkey topped the list of top ten countries in the Group of Twenty, importing from Egypt; With a valuation of $2.6 billion

Italy is second with $2.4 billion, followed by the United States with $1.7 billion, followed by Saudi Arabia with $1.6 billion, France with $1.5 billion, India with $1.4 billion, China with $1.4 billion, South Korea with $1.2 billion, and the UK with $1.1 billion. A billion dollars, and finally Canada, 650.6 million dollars.

China topped the list of top ten countries in the G20, with exports to Egypt worth $9.9 billion in the first 8 months of 2022.

Saudi Arabia is second with $5.8 billion, followed by the United States with $5 billion, India with $2.7 billion, followed by Germany with $2.7 billion, Turkey with $2.7 billion, Turkey with $2.5 billion, Brazil with $2.5 billion, Russia with $2.4 billion, and Italy with $2.2 billion. . Finally, South Korea, $1.3 billion.

Remittances by Egyptians working in G20 countries recorded $13.9 billion in the 2020/2021 fiscal year, compared to $11.6 billion in the 2019/2020 fiscal year, an increase of 19.8 percent.%

Saudi Arabia tops the top ten countries in the G20 in remittances from Egyptians working there with a value of $11.2 billion in the 2020/2021 financial year.

The United States was second with $1.4 billion, followed by the United Kingdom with $687.5 million, Germany with $130.7 million, France with $126.1 million, Canada with $115.6 million, Italy with $95.2 million, Australia with $61.8 million, and Turkey with $21.5 million. dollars, and finally China, with 12.8 million dollars.

The value of G20 countries’ investments in Egypt was $21.2 billion in the 2020/2021 financial year, compared to $16.6 billion in the 2019/2020 financial year, an increase of 27.5 percent.%

The United Kingdom topped the list of top ten countries in the G20 to invest in Egypt in the 2020/2021 financial year; With a value of $9.8 billion.

The United States was second with $9.2 billion, followed by Saudi Arabia with $622 million, China with $396.9 million, France with $351.4 million, Italy with $277 million, Germany with $239.6 million, South Africa with $194.1 million, and Japan with $48.5 million. dollars, and finally South Korea with 25.9 million dollars.