Data from the Central Agency for Public Mobilization and Statistics revealed a decline in the value of trade between Egypt and European Union countries, recording $31.2 billion in 2023, compared to $38.6 billion in 2022, a decrease of 19.2%.
The European Union member states include Austria, Belgium, Bulgaria, Croatia, the Republic of Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden).
The agency's data showed a decline in the value of Egyptian exports to European Union countries to record $11.8 billion in 2023, compared to $17.3 billion in 2022, a decrease of 31.8%.
Italy came at the top of the list of European Union countries in terms of Egyptian exports during the year 2023, with the value of Egypt’s exports amounting to $3.1 billion, followed by Spain with a value of $1.8 billion, then Greece with a value of $1.6 billion.
Regarding the most important groups of goods that Egypt exported to European Union countries for the year 2023, she explained that they are represented by fuel, mineral oils, and their distillation products, worth $2.9 billion, and iron and steel, worth $1.2 billion.
Egypt exported fertilizers worth $987 million to European Union countries, machinery, electrical appliances, plastic parts and their products worth $977 million, and plastics and their products worth $848 million.
The value of Egyptian imports from European Union countries decreased to record $19.4 billion in 2023, compared to $21.3 billion in 2022, a decrease of 9%.
Germany was at the forefront of the European Union countries in terms of Egyptian imports during the year 2023, with the value of Egypt’s imports amounting to $4.1 billion, followed by Italy with a value of $3.2 billion, then France with a value of $1.6 billion.
Regarding the most important groups of goods that Egypt imported from European Union countries for the year 2023, the data stated that they are boilers, machines, automatic devices and their parts worth $2.7 billion, and pharmaceutical products worth $2 billion.
Egypt imported from European Union countries fuel, mineral oils, and their distillation products worth $1.8 billion, cars, tractors, bicycles and their parts worth $1.6 billion, and iron and steel - steel worth $1.1 billion.
The value of remittances from Egyptians working in European Union countries recorded $652 million during the fiscal year 2022/2023, compared to $828.2 million during the fiscal year 2021/2022, a decrease of 21.3%.
Germany ranked at the top of the European Union countries in remittances from Egyptians working in it during the fiscal year 2022/2023, amounting to $129.8 million.
The value of remittances from foreigners in European Union countries working in Egypt recorded $56.2 million during the fiscal year 2022/2023, compared to $54 million during the fiscal year 2021/2022, a decrease of 4.1%.
The value of investments by European Union countries in Egypt amounted to $8.2 billion during the fiscal year 2022/2023, compared to $3.2 billion during the fiscal year 2021/2022, an increase of 156.3%.
This comes in the statement issued by the agency as part of its keenness to follow up on the activities and official visits of President Abdel Fattah El-Sisi, who today received a high-level European delegation. The European delegation includes the President of the European Union Commission, the Prime Minister of Belgium, the current President of the European Union, and the heads of state and government of Cyprus. Italy, Greece and Austria, in order to strengthen the partnership between Egypt and the European Union countries.