In a statement issued Thursday, the CAPMAS said Egypt exports to Arab countries rose by $620 million to reach $8.8 billion in the first nine months of 2022, compared to $8.2 billion in the same period in 2021, with an increase rate of 7.6 percent. The list of top Arab importers from Egypt also included Morocco, Jordan, Algeria, Iraq, Kuwait and Lebanon, recording imports worth $628.2 million, $554.5 million, $546.8 million, $379 million, 346.9 million and 335.3 million, respectively, the CAPMAS added. Egypt imports from Arab countries rose 27.9 percent, to reach $13.1 billion in the first nine months of 2022, compared to $10.3 billion in the same period in 2021, it said. The list of top Arab exporters to Egypt included Saudi Arabia, Kuwait, the UAE, Oman, Bahrain, Sudan, Jordan, Lebanon, Algeria and Libya with exports worth $6.4 billion, $2.4 billion, $2.2 billion, $625.7 million, $423.4 million, $364.3 million, $184.5 million, $161.4 million, $101.3 million and $80.5 million, respectively, it added. According to CAMPAS, Arab investments in Egypt spiked 163.8%, to hit $8.2 billion in FY 2021/2022 compared to $3.1 billion in FY 2020/2021.

Source: Libya Today December 08, 2022 17:22 UTC