Egyptian exports to Cyprus saw substantial growth, reaching $193 million in 2024, up from $103 million in 2023.
The volume of trade between Egypt and Cyprus reached $327 million in 2024, compared to $115 million in 2023, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egyptian exports to Cyprus saw substantial growth, reaching $193 million in 2024, up from $103 million in 2023.
On the other hand, Egypt’s imports from Cyprus experienced an even more dramatic surge, climbing to $134 million in 2024 from just $12 million in 2023.
Among the top Egyptian exports to Cyprus in 2024, iron and steel led the way with $98 million, followed by fertilizers at $45 million. Other notable exports included paper ($9 million) and plastics ($7 million).
Conversely, Egypt’s top imports from Cyprus were primarily mineral fuels and oils, amounting to $124 million.
Additionally, Egypt imported machinery and electrical appliances worth $5 million and pharmaceutical products valued at $1 million.
Cypriot investments in Egypt soared to $114.6 million in FY 2023/2024, a sharp rise from $35.2 million in FY 2022/2023.
Similarly, Egyptian investments in Cyprus more than doubled, reaching $40 million in FY 2023/2024, up from $17.3 million in FY 2022/2023.
