Egypt's Exports to BRICS Up 31.5% to $905 Million
Taarek Refaat
The Central Agency for Public Mobilization and Statistics (CAPMAS) released a report on Wednesday "Egypt and BRICS countries", reviewing Egypt's exports to the group.
The report indicated that The Egyptian exports to the bloc increased from $688 million to $905 million, a 31.5% increase, between January and December 2024, since Egypt joined the bloc.
Egyptian imports from BRICS countries also increased from $2,410 million to $3,376 million, a 40.1% increase, between January and December.
The most important commodity groups exported by Egypt are: inorganic and miscellaneous chemical products and fertilizers; fuels and mineral oils; fruits, vegetables.
The most important commodity groups imported by Egypt are: grains, fuels, mineral oils, and their distillation products, plastics and their products, electrical machinery and appliances.
BRICS investments in Egypt contributed $4.4 billion during the FY2022/23, with Saudi Arabia ranking first in terms of its investment contribution to Egypt.
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