Arab Finance: The Central Agency for Public Mobilization and Statistics issued a statement regarding economic relations between Egypt and the State of Saudi Arabia, revealing an increase in the volume of Egyptian exports to Saudi Arabia to record $2.4 billion during the first 9 months of 2024, compared to $1.9 billion during the same period in 2023, an increase of 26.3%. .
According to the agency, the volume of Egyptian imports from Saudi Arabia amounted to $5.1 billion during the first 9 months of 2024, compared to $3.7 billion during the same period in 2023, an increase of 37.8%. The statistics indicated an increase in the value of trade exchange between Egypt and Saudi Arabia to record $7.5 billion during The first 9 months of 2024, compared to $5.6 billion during the same period in 2023, an increase of 33.9.
The most important commodity groups exported by Egypt to Saudi Arabia during the first 9 months of 2024
1. Copper and its products worth $459 million.
2. Vegetables and fruits: $293 million.
3. Ready-made clothing worth $128 million.
4. Machinery and electrical appliances worth $215 million.
5. Iron and its products worth $167 million.
The most important commodity groups that Egypt imported from Saudi Arabia during the first 9 months of 2024:-
1. Fuels, mineral oils, and their distillation products, worth $3.4 billion.
2. Plastics and their products worth $984 million.
3. Organic chemical products worth $208 million.
4. Aluminum and its products worth $158 million.
5. Paper and paper pulp products worth $81 million.
The value of Saudi investments in Egypt recorded $511.3 million during the first 9 months of the 2023/2024 fiscal year, compared to $2.3 billion during the same period of the 2022/2023 fiscal year, while Egyptian investments in Saudi Arabia amounted to $147.1 million during the first 9 months of the 2023 fiscal year. / 2024, compared to $190.1 million during the same period of the fiscal year 2022/2023.
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