The Ambassador lauded the significant growth in the bilateral trade between Spain and Egypt has grown significantly in recent years.
In 2022, the trade exchange between the two countries reached €4.5bn, in which Spanish exports to Egypt decreased by 1.5% to €1.569bn, while Egypt’s imports from Spain increased by 146% to €2.93bn.
As a result, Spain became Egypt’s second trade partner in 2022, jumping from the seventh position it occupied in 2021, as a result of the increase in Egyptian LNG imports to Spain, in the context of Spanish diversification of supplies and a greater increase in supply from Egypt thanks to the reopening of the LNG terminal in Damietta in 2021 built by the Spanish Union Fenosa Gas.
At the same time, on the list of the largest exporters to Egypt, Spain ranked 15th place in 2022. The list of Spanish exports to Egypt included machinery, mechanical devices, vehicles, tractors, electrical appliances, copper, and manufactures, while Spain imported from Egypt fuel, mineral oils, plastics, iron and steel, fertilizers, and wrought clothing.
