The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed Wednesday that the trade exchange between Egypt and the United States increased to $7.3bn in the first nine months of 2022, compared to $6.5bn during the same period in 2021, a growth of 13.4%. According to the agency, the most important commodity groups that Egypt exported to the United States during 9M 2022 were garments worth of $1.1bn, plastics and their manufactures worth of $136.5m, carpets and floor coverings worth of $117.4m, vegetables worth of $83m, and glass worth of $68.7m. CAPMAS said that the US investments in Egypt increased to $9.2bn during fiscal year 2020/21, compared to $7.7bn in FY2019/20, an increase of 19.8%. According to the agency, the number of Egyptians residing in America reached 1.5 million in 2021. © 2022 Daily News Egypt.

Source: Daily News Egypt December 15, 2022 12:02 UTC