Data from the Central Agency for Public Mobilization and Statistics in Egypt showed that the value of trade exchange between Egypt and Saudi Arabia increased to $9.1 billion last year, an increase of 62.1%, compared to 2020, when the value of trade exchange between the two countries amounted to $5.6 billion.
According to the data, the value of Egyptian exports to Saudi Arabia amounted to $2.2 billion during 2021, compared to $1.9 billion in 2020, an increase of 17.3 percent, while the value of Egyptian imports from Saudi Arabia amounted to $6.9 billion last year, compared to $3.7 billion in 2020, an increase of 84.5 %.
The most important commodity groups exported by Egypt to Saudi Arabia during 2021 included mineral fuels, mineral oils and their distillation products worth $449 million, in addition to fruits worth $184.2 million.
It also included iron and steel worth $151.4 million, as well as copper and its products worth $135.2 million, in addition to machinery, appliances and electrical equipment worth $124.2 million.
As for the most important commodity groups that Egypt imported from Saudi Arabia during 2021, they were as follows: mineral fuels, mineral oils and their distillation products, with a value of 4.6 billion dollars, and plastics and their products with a value of 1.3 billion dollars, in addition to organic chemical products worth 246.1 million dollars, and aluminum and its products with a value of 128.4 million dollars. In addition to paper and paperboard worth $90.4 million.
The value of remittances from Egyptians working in Saudi Arabia amounted to $11.2 billion during the fiscal year 2020-2021, compared to $9.6 billion in the fiscal year 2019-20, an increase of 17%, while the value of remittances from Saudis working in Egypt amounted to $18.5 million during the fiscal year 2020-2021, compared to 17.6 million dollars during the fiscal year 2019-2020, an increase of 4.9%.
The value of Saudi investments in Egypt amounted to $622 million during the fiscal year 2020-2021, compared to $651.2 million during the fiscal year 2019-2020, a decrease of 4.5%.
The number of Egyptians in Saudi Arabia, according to the mission’s estimates, reached 3 million Egyptians until the end of the year 2020.