In numbers, Egypt imports $11 billion from Saudi Arabia and exports $2 billion.

Trade volume between Egypt and Saudi Arabia increased to $9.5 billion in 11M 2022 from $7.9 billion in the same period in 2021, up 19.1%.

The value of Egyptian exports to Saudi Arabia in the first 11 months of 2022 was $2.2 billion, compared to $2 billion for the same period in 2021, according to a statement from the Egyptian Central Agency for Public Mobilization and Statistics released today Thursday. 7.5%.

According to the statement, the value of Egyptian imports from Saudi Arabia for the 11 months of 2022 was $7.3 billion, up from $5.9 billion for the same period in 2021, an increase of 23.2%. in Egypt was $491.6 million in FY 2021/2022, up from $325.3 million in FY 2020/21, an increase of 51.1%.

The amount of remittances from Egyptians working in Saudi Arabia was $11.2 billion in FY 2020/2021, up from $9.6 billion in FY 2019/20, an increase of 17%.

The volume of remittances from Saudis working in Egypt was $18.5 million in FY 2020/2021 compared to $17.6 million in FY 2019/20, an increase of 4.9%.

Source: Masravi