Egypt’s exports to China rose 20 percent to $1.8 billion in 2022 from $1.5 billion in 2021, according to Central Agency for Public Mobilisation and Statistics (CAPMAS) data.
Imports from China, however, declined marginally to $14.40 billion last year from $14.42 billion in 2021, Al Borsa, an Arabic business daily, reported, citing official data.
Bilateral trade reached $16.2 billion in 2022, up 2.2 percent year-on-year (YoY).
Egypt’s largest exports included fuel and mineral oils worth $1.4 billion, followed by cotton ($117.3 million) and fruits ($77.7 million).
Machines and electrical appliances topped the import list at $2.9 billion, the newspaper reported.
Chinese investments in Egypt hit $563.4 million in the fiscal year 2021-22 compared to $485.2 million in the fiscal year 2020-21, rising 16.1 percent.
(Writing by P Deol; Editing by Anoop Menon)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.