Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that the value of trade exchange between Egypt and Qatar increased to $80.1 M in the first 11 months of 2022, compared to $45.5 M in 2021, recording an increase of 76.2%.
Moreover, the value of Egyptian exports to Qatar amounted to $19.7 M in 2022 compared to $3.5 M in 2021, with an increase of 458.3%, while the value of Egyptian imports from Qatar amounted to $60.4 M, compared to $42 M, recording a rise an increase of 44.1%.
According to the agency, the most important commodity groups exported by Egypt to Qatar in 2022 included plastic products worth $4.9 M, furniture with a value of $3.4 M, machinery and electric appliances worth $2.8 M, iron and steel products worth $2 M, glass and its products worth $1.6 M.
On the other hand, the most important commodity groups imported by Egypt from Qatar included iron and steel worth $20.5 M, plastics and its products worth $20.4 M, chemical products worth $5 M, organic chemical products worth $4.7 M, machinery and electrical appliances worth $3.7 M.
The agency also indicated that the value of Qatari investments in Egypt amounted to $518.3 M in FY 2021/22, compared to FY 2020/2021 at $507.9 M, a decrease of 2%.
Meanwhile, the value of remittances from Egyptians working in Qatar increased to $1.5 Bn, compared to $1.3 Bn, an increase of 14.3%.
Additionally, the value of Qatari remittances from Egypt amounted to $1.8 M, compared to $2.8 M, a decrease of 34%.
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