Investments between Egypt and G20 nations also showed significant growth. Investments from G20 countries in Egypt rose to $12 billion in the 2022/2023 fiscal year, up from $8.7 billion in 2021/2022
The Central Agency for Public Mobilization and Statistics (CAPMAS) released a report showing that trade between Egypt and G20 countries reached $61 billion in the first nine months of 2024, compared to $55.6 billion during the same period in 2023.
Egyptian exports to G20 nations totalled $14.4 billion, a slight decrease from $14.9 billion in the same period of 2023. Italy ranked as the top importer of Egyptian goods with $2.9 billion in exports, followed by Saudi Arabia with $2.4 billion, Turkey with $2.3 billion, the United States with $1.7 billion, and the United Kingdom with $1.2 billion.
Investments between Egypt and G20 nations also showed significant growth. Investments from G20 countries in Egypt rose to $12 billion in the 2022/2023 fiscal year, up from $8.7 billion in 2021/2022. Meanwhile, Egyptian investments in G20 countries increased to $8.2 billion, compared to $7.9 billion in the previous year.
The main commodities exported by Egypt to G20 countries included fuels and mineral oils valued at $2.4 billion, vegetables and fruits worth $1.7 billion, and ready-made garments amounting to $1.5 billion. Other notable exports included electrical equipment ($962 million), fertilizers ($961 million), plastics and related products ($887 million), and iron and steel ($830 million).
On the import side, Egypt’s purchases from G20 nations increased to $46.6 billion in the first nine months of 2024, compared to $40.7 billion during the same period in 2023. China remained Egypt’s largest supplier with $11.3 billion worth of imports, followed by the United States ($5.2 billion), Saudi Arabia ($5.1 billion), Russia ($4.5 billion), and Germany ($3.3 billion). Other major exporters to Egypt included Brazil ($2.9 billion), Italy ($2.6 billion), Turkey ($2.4 billion), India ($2.2 billion), and the United Kingdom ($1.5 billion).
Key commodities imported by Egypt from G20 countries included machinery and electrical appliances valued at $8.2 billion, fuels and mineral oils worth $6.9 billion, and iron and steel products totalling $4.1 billion. Grains accounted for $3.4 billion of imports, while vehicles and related parts were valued at $2.7 billion. Plastics and their products reached $2.5 billion, with chemical products adding $1.7 billion.
The report also revealed a decline in remittances from Egyptians working in G20 countries, which fell to $11.1 billion in the 2022/2023 fiscal year, compared to $14.3 billion in 2021/2022. Saudi Arabia remained the largest source of remittances, contributing $8.3 billion, followed by the United States with $1.6 billion and the United Kingdom with $560 million.
At the same time, remittances sent by G20 nationals working in Egypt fell to $215.6 million in 2022/2023 from $237.9 million in the previous fiscal year.
