Egypt's Foreign Trade Surpasses $104.7Bn In FY 2023/24: CBE

2025-01-14 12:11:17

(MENAFN- Daily News Egypt) Egypt's foreign trade reached approximately $104.7bn in the fiscal year 2023/2024, as reported by the Central Bank of Egypt (CBE). This total comprises $72.1bn in imports and $32.6bn in exports, marking a significant volume of trade with global partners.

According to the CBE's latest report, trade exchanges between Egypt and its top 14 trading partners-accounting for 64.6% of Egypt's overall foreign trade-reached approximately $67.6bn. This includes $46bn in imports and $21.6bn in exports.

The UAE emerged as Egypt's largest trading partner during this period, with a total trade volume of $9.3bn. This includes $5.6bn in imports and $3.7bn in exports. The United States followed closely in second place with a total trade volume of $7.5bn, consisting of $3.9bn in imports and $3.6bn in exports.

Saudi Arabia ranked third with a trade volume of $7.2bn, comprising $5.4bn in imports and $1.8bn in exports, while China secured the fourth spot with $7.2bn in trade value, which includes $6.7bn in imports and $490 million in exports.

Germany, in fifth place, recorded a trade volume of $5.2bn, including $3.7bn in imports and $1.5bn in exports. The United Kingdom followed with $4.8bn in total trade, made up of $2.5bn in imports and $2.3bn in exports, while Italy's trade volume reached $4.6bn, with $2.4bn in imports and $2.2bn in exports.

Other notable trading partners include Turkey, with $4.3bn in trade, Switzerland at $4.1bn, and Russia with a trade volume of $3.2bn. Egypt also traded $2.8bn with Brazil, $2.5bn with India, and $2.4bn with France, among others.

The CBE also highlighted that trade with other countries not included in the top 14 totaled $37.1bn, consisting of $26.2bn in imports and $10.9bn in exports.

This comprehensive foreign trade data underscores the dynamic nature of Egypt's international economic ties, with key trading relationships continuing to shape the country's commercial landscape.

MENAFN14012025000153011029ID1109086928

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.