Egypt, East Asia trade exchange hits $34.5B in 2022

According to a report published by the Central Agency for Public Mobilization and Statistics (CAPMAS), the trade volume between Egypt and 11 East Asian countries reached $34.5 billion in 2022. The countries included in this trade exchange are China, Malaysia, India, Taiwan, Japan, Indonesia, Pakistan, Thailand, South Korea, Singapore, and Bangladesh.

CAPMAS reported that the total value of Egyptian exports to East Asian countries witnessed a 15.9 percent increase in 2022, reaching $7.7 billion, compared to $6.6 billion in 2021.

The report also highlighted that fuel, petroleum products, and extractive industry products were the leading exports in both 2021 and 2022, with a total value of $5.5 billion in 2022, a growth of 22.4 percent compared to $4.5 billion in 2021.