Data from the Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed on Sunday that the value of trade exchange between Egypt and Germany increased to $4.8bn in 2021, compared to $4.6bn in 2020 — an increase of 5.2%. The agency indicated that the volume of Egyptian exports to Germany increased to $848.2m in 2021, compared to $646.1m in 2020 — an increase of 31.3% — while the value of Egyptian imports from Germany amounted to $4bn, compared to $3.9bn — an increase of 1 %. According to the agency, the top commodity groups exported by Egypt to Germany in 2021 included air and spacecrafts worth $95.7m, clothes worth $87.4m, fruits worth $67.1m, machinery and electrical equipment worth $58.7m, and seeds and oil fruits worth $58.2m. The agency added that the value of German investments in Egypt amounted to $300.2m during FY2020/21, compared to the previous FY’s $267.9m — an increase of 12.1%. Furthermore, the value of remittances from Egyptians working in Germany recorded $130.7m, compared to $117.6m — an increase of 11.1% — while the value of remittances from Germans working in Egypt amounted to $9.9m, compared to $12.4m — a decrease of 20.3%.

Source: Daily News Egypt July 18, 2022 11:19 UTC