Egypt-BRICS trade exchange hits $50.8bln in 2024
Egypt's exports to BRICS nations increased by 10.60% last year to $9.4 billion from $8.50 billion in 2023.
The Gulf region emerged as a major market for Egyptian goods, with Saudi Arabia and the UAE topping the list with $3.40 billion and $3.30 billion, respectively.
On the other hand, the Arab Republic imported goods from the bloc valued at $41.40 billion in 2024, higher by 21.80% year-on-year (YoY) than $34 billion.
China topped Egypt's dominant trade partner, supplying goods worth $15.50 billion, followed by Saudi Arabia with 7.90 billion.
In fiscal year (FY) 2023/2024, the group pumped total investments in Egypt amounting to $40.60 billion. Meanwhile, the Egyptian investments in the BRICS countries reached $1.70 billion.
Remittances from Egyptians working in the BRICS nations stood at $9.80 billion in FY 2023/2024, compared to $10.20 billion in FY 2022/2023.
Syndigate.info).
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