46.3% increase in Egyptian exports to Romania during 10M 2022

Newspaper Title: https://dailynewsegypt.com/

Newspaper Number:

Saturday - 4 February 2023

The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed an increase in the value of Egyptian exports to Romania, reaching $369.7m during the first 10 months of 2022, compared to $252.7m during the same period in 2021, an increase of 46.3%.

According to the agency, the value of Egyptian imports from Romania amounted to $1bn during the first 10 months of 2022, compared to $750.5m during the same period in 2021, an increase of 39.5%.

It pointed to the increase in the value of trade exchange between Egypt and Romania, to record $1.4bn during the first 10 months of 2022, compared to $1bn during the same period of 2021, an increase of 41.2%.

Fertilizers came at the forefront of the most important commodity groups that Egypt exported to Romania during the first 10 months of 2022 with a value of $142.7m, then iron and steel with a value of $47.7m, then plastics and their articles with a value of $43.6m, then vegetables and plants with a value of $25m, then articles of stone worth $10.9m.

On the other hand, grains came at the forefront of the most important commodity groups that Egypt imported from Romania at a value of $872.8m, then wood and its articles with a value of $39.1m, then iron and steel with a value of $32.9m, then tobacco with a value of $17.1m, then articles of iron or steel with a value of $12.4m.

The value of Romanian investments in Egypt amounted to $2.7m during the fiscal year 2020/2021, compared to $2.4m during the fiscal year 2019/2020, an increase of 11.5%.

According to the agency, the value of remittances of Egyptians working in Romania recorded $4.79m during the fiscal year 2020/2021 compared to $4.83m during the fiscal year 2019/2020, a decrease of 0.8%, while the value of remittances of Romanians working in Egypt amounted to $1.5m, compared to $1.7m, a decrease of 10.2%.