According to data from the Central Agency for Public Mobilization and Statistics (CAPMAS), the value of trade between Egypt and France witnessed significant growth in 2022 compared to the same period in the previous year.

The total trade value between the two countries reached $3.9 billion in 2022, compared to $2.9 billion in 2021, representing a remarkable increase of 35%.

The data also revealed a notable surge in Egyptian exports to France, reaching $1.8 billion in 2022 compared to $1.1 billion in 2021, reflecting a substantial growth rate of 61%.

The following commodity groups comprised Egypt's major exports to France:

1. Mineral fuels, mineral oils, and their distillation products valued at $766.6 million.

2. Fertilizers valued at $328.2 million.

3. Electrical machinery, equipment, and appliances valued at $216.5 million.

4. Organic and inorganic chemicals valued at $122.3 million.

5. Plastics and their products valued at $50.9 million.

Furthermore, French investments in Egypt recorded a value of $550.6 million during the fiscal year 2021/2022, compared to $276.2 million in 2020/2021, marking a substantial increase of 99.3%.

On the other hand, remittances from Egyptians working in France amounted to $120 million during the fiscal year 2021/2022, experiencing a slight decline of 4.8% from $126.1 million in 2020/2021.

Meanwhile, remittances from French workers in Egypt amounted to $8.3 million during the fiscal year 2021/2022, down by 22.5% from $10.7 million in the previous fiscal year 2020/2021.

The remarkable growth in trade between Egypt and France reflects the strengthening economic ties and mutually beneficial partnerships between the two nations.

It signifies Egypt's attractiveness as a key trading partner and investment destination, while also highlighting France's continued confidence in Egypt's economic stability and growth potential.

This positive trajectory in trade and investments contributes to job creation, technological advancement, and economic prosperity in both countries.