Egypt’s exports to China registered $1.5 billion in the first nine months of 2022, compared to $1.1 billion in the same period of 2021, marking an increase of 36.7 per cent, announced the Central Agency for Public Mobilisation and Statistics (CAPMAS).
In a statement released on Thursday on the occasion of holding the first China-Arab States Summit in the Saudi capital, Riyadh, CAPMAS stated that Egypt’s imports from China hit $11.1 billion from January to September 2022, against $10.7 billion in the corresponding period of 2021, recording an increase of 3.8 per cent.
The agency stated that trade exchange between Egypt and China hit $12.7 billion from January to September 2022, versus $11.9 billion in the same period of 2021, recording an increase of 9.8 per cent.
It explained that China’s total investments in Egypt hit $563.4 million in the fiscal year (FY) 2021/2022, compared to $485.2 million in the fiscal year (FY) 2020/2021, marking an increase of 16.1 per cent.
CAPMAS pointed out that the total remittances of Egyptians working in China stood at $12.7 million in the FY 2020/2021, against $12.8 million in the FY 2019/2020.
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