$6 billion.. The value of the trade Exchange between Egypt and India in 2022

The value of trade exchange between Egypt and India increased to record $6 billion in 2022, compared to $5.3 billion in 2021, an increase of 13.7%.

According to a statement from the Central Agency for Public Mobilization and Statistics: The value of Egyptian exports to India recorded about $1.9 billion in 2022, compared to $2 billion in 2021, a decrease of 6.5%.

The value of Egyptian imports from India amounted to $4.1 billion in 2022, compared to $3.2 billion in 2021, an increase of 26.4%.

Exported to India

The most important commodity groups that Egypt exported to India during 2022 are mineral fuels, mineral oils and their distillation products, with a value of $1.1 billion, and fertilizers with a value of $242.1 million. and inorganic chemical products with a value of $240.8 million, salt and sulfur with a value of $91.5 million, and cotton with a value of $76.8 million.

Imported from India

During the year 2022, Egypt imported from India a number of commodities, most notably meat at a value of $669.2 million, iron and steel at a value of $538.8 million, and mineral fuels, mineral oils and distillate products at a value of $448.2 million, and organic chemical products with a value of $358.4 million, and boilers, machinery, equipment and machine tools with a value of $274.4 million.

Indian investments in Egypt

The value of Indian investments in Egypt amounted to $33.1 million during the first half of the fiscal year 2022-2023, compared to $24.2 million during the same period of the fiscal year 2021-2022, an increase of 36.8%.

Value of remittances of Egyptians working in India

 The value of remittances of Egyptians working in India recorded $6 million during the fiscal year 2021-2022, compared to $5.8 million during the fiscal year 2020-2021, an increase of 3.6%.

value of remittances from Indians working in Egypt

While the value of remittances from Indians working in Egypt amounted to $16.3 million during the fiscal year 2021-2022, compared to $14.3 million during the fiscal year 2020-2021, an increase of 13.8%.