The volume of trade exchange between Egypt and the BRICS countries increased to record $30.2 billion during the first 8 months of 2024, compared to $26.2 billion during the same period in 2023, an increase of 15%.
According to data from the Central Agency for Public Mobilization and Statistics in Egypt, “The value of Egyptian exports to the BRICS grouping reached $5.7 billion during the first 8 months of 2024, compared to $5.3 billion during the same period in 2023, an increase of 7.3%.”
According to the data, “Saudi Arabia came at the top of the list of the highest BRICS countries importing from Egypt during the first 8 months of 2024, as the value of Egypt’s exports to it amounted to $2.2 billion, followed by the UAE with $1.8 billion, then Brazil with $488 million, then Russia with $438 million.” Then India: $343 million, then China: $290 million.
According to the statement, “the most important groups of goods exported to the BRICS group during the first 8 months of 2024: pearls, precious stones and jewelry worth $979 million, vegetables and fruits worth $967 million, machinery and electrical appliances worth $415 million, fuel and mineral oils worth $358 million.” One million dollars, iron and steel worth $254 million.”
According to the agency’s data: “The value of Egyptian imports from the BRICS group reached $24.5 billion during the first 8 months of 2024, compared to $20.9 billion during the same period in 2023, an increase of 17%, and China topped the list of the BRICS group’s highest exports to Egypt during the 8 months.” The first months of 2024, where the value of Egypt’s imports amounted to $9.8 billion, followed by Saudi Arabia $4.3 billion, then Russia $4.1 billion, then Brazil $2.5 billion, then India $2 billion, then the UAE $1.8 billion.”
According to the agency’s data: “The value of the investments of the BRICS countries in Egypt recorded $4.4 billion during the fiscal year 2022/2023, compared to $19.5 billion during the fiscal year 2021/2022, and Saudi Arabia ranked first in the list of the BRICS countries that invested highest in Egypt during the fiscal year 2022/ By 2023, the value of its investments in Egypt amounted to $1.8 billion, followed by the UAE, $1.5 billion, then China, $750 million, then India, $154.4 million, then Russia, $125.9 million.
“The value of Egyptian investments in the BRICS group of countries recorded $17.3 billion during the fiscal year 2022/2023, compared to $22 billion during the fiscal year 2021/2022, and Saudi Arabia came in first place in the list of the highest grouping of BRICS countries in terms of the value of Egyptian investments in it during the fiscal year 2022.” /2023, where the value of Egypt’s investments in it amounted to $7.8 billion, followed by the UAE with $5.2 billion, then China with $2.5 billion, then Russia with $789.5 million, then India with $488.4 million tons,” according to the agency’s data.
The agency’s data revealed that “the value of remittances from Egyptians working in the BRICS countries was recorded at $10.4 billion during the fiscal year 2022/2023, compared to $14.5 billion during the fiscal year 2021/2022.” For the fiscal year 2022/2023, the value of workers’ transfers amounted to $8.3 billion, followed by the UAE with $2.1 billion, then China with $19.5 million, then Russia with $15 million, then India with $7.5 million. The volume of workers’ transfers from the BRICS group in Egypt also reached $95 million during the fiscal year. 2022/2023, compared to $103 million during the fiscal year 2021/2022.”
According to the Central Bureau of Statistics in Egypt, “The UAE ranked first in the value of foreigners’ remittances from the BRICS group in Egypt, where the value of remittances from Emirati workers in Egypt reached $35.5 million, then Saudi Arabia $26.1 million, then India $23 million, then South Africa $6.1 million, then China $3.5 million.” dollar”.
The number of Egyptians present in the BRICS countries, according to the mission’s estimates, reached 2.2 million Egyptians until the end of 2023.
Last updated: October 22, 2024 – 19:13
Suggest a correction