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Trade between Egypt and G20 countries jump 19.4% in H1 2021| CAPMAS

According to CAPMAS, Italy topped the list of top 10 G20 importers from Egypt in 1H 2021 with $1.1 billion

By: Business Today Egypt

Sun, Oct. 31, 2021

Photo by Tom Fisk from Pexels

Trade between Egypt and the G20 countries have continued to climb, increasing by 19.4% to hit $36 billion in the first half of 2021 (1H 2021), compared to $30.2 billion during H1 2020, announced the Central Agency for Public Mobilization and Statistics (CAPMAS).

Egyptian exports sent to G20 countries reached $9 billion, jumping by 39.2% in H1 2021, compared to $6.5 billion in H1 2020.

On the other hand, the value of imports to Egypt from the G20 countries recorded $27 billion, up by 14% compared to $23.7 billion.

Related > Egypt’s Broken Trade Link | Egypt didn’t see the benefits that other developing countries did in the 2000s

Egypt’s trade balance deficit fell by 14.6%, recording $2.88 billion in July 2021, revealed CAPMAS in its latest data report, while the Suez Canal Authority recently revealed that the global trade route saw revenue climb by 12.6% between January and October 25 of 2021, hitting $5.1 billion

According to CAPMAS, Italy topped the list of top 10 G20 importers from Egypt in 1H 2021 with $1.1 billion, with USA in 2nd placed with 1.1 billion worth of imports, Saudi Arabia with $1.1 billion, India with $1 billion, Turkey with $997.8 million, and China with $727.4 million.

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The G20 includes USA, Russia, China, France, Germany, Italy, Turkey, the European Union, Japan, India, South Korea, the United Kingdom, Saudi Arabia, Indonesia, Mexico, Canada, South Africa, Brazil, Argentina, and Australia.