Trade exchange between Egypt, Qatar increased by 76.2 percent in 11 months: CAPMAS
Newspaper Title: https://english.ahram.org.eg/
Newspaper Number:
Monday - 27 February 2023
Data from the Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed that the value of trade exchange between Egypt and Qatar increased to $80.1 million in the first 11 months of 2022, compared to $45.5 million in 2021, recording an increase of 76.2 percent.
Moreover, the value of Egyptian exports to Qatar amounted to $19.7 million in 2022 compared to $ 3.5 million in 2021, with an increase of 458.3 percent, while the value of Egyptian imports from Qatar amounted to $ 60.4 million, compared to $ 42 million, recording an increase of 44.1 percent.
According to the agency, the most important commodity groups exported by Egypt to Qatar in 2022 included plastic products worth $ 4.9 million, furniture with a value of $ 3.4 million, machinery and electric appliances worth $ 2.8 million, iron and steel products worth $ 2 million, glass and its products worth $ 1.6 million.
On the other hand, the most important commodity groups imported by Egypt from Qatar included iron and steel worth $ 20.5 million, plastics and its products worth $ 20.4 million, chemical products worth $ 5 million, organic chemical products worth $ 4.7 million, machinery and electrical appliances worth $ 3.7 million
The agency also indicated that the value of Qatari investments in Egypt amounted to $ 518.3 million in FY2021/22, compared to $ 507.9 million in FY2020/2021 — a decrease of 2 percent.
Meanwhile, the value of remittances from Egyptians working in Qatar increased to $ 1.5 billion, compared to $1.3 billion — an increase of 14.3 percent.
Additionally, the value of Qatari remittances from Egypt amounted to $ 1.8 million, compared to $ 2.8 million — a decrease of 34 percent.
The CAPMAS statement was released as Egypt’s Prime Minister Mostafa Madbouly is currently on a visit to Doha leading a high-level delegation of officials including the ministers of planning, health, finance, and trade and industry.
The delegation also includes the heads of the Suez Canal Economic Authority and the General Authority for Investment and Free Zones.
