The data also highlighted investment flows between the two countries. Jordanian investments in Egypt increased to $134 million during the fiscal year 2022/2023
The Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt announced today that the value of trade exchange between Egypt and Jordan reached $728 million during the first nine months of 2024, compared to $637 million during the same period in 2023.
Egyptian exports to Jordan rose to $546 million during this period, up from $498 million in 2023, driven by key goods such as mineral fuels, oils, and waxes, vegetables and fruits, prepared vegetable and fruit products, ready-made garments, and vegetable oils.
Imports from Jordan also saw an increase, amounting to $182 million in the first nine months of 2024 compared to $139 million during the same timeframe in 2023. Fertilizers, tobacco and its substitutes, pharmaceutical products, and plastics were among the primary goods imported by Egypt from Jordan.
Meanwhile, remittances from Egyptians working in Jordan fell, totaling $415.3 million during the fiscal year 2022/2023, down from $792.9 million in 2021/2022. Remittances from Jordanians working in Egypt also declined, reaching $5.6 million in 2022/2023 compared to $9.6 million in the previous fiscal year.
The CAPMASdata also highlighted investment flows between the two countries. Jordanian investments in Egypt increased to $134 million during the fiscal year 2022/2023, compared to $119 million in 2021/2022.
However, Egyptian investments in Jordan declined to $183.6 million during the same period, down from $226.2 million in the prior fiscal year. The figures reflect the evolving dynamics of economic relations between the two nations, marked by strengthened trade and fluctuating investment and remittance patterns.
