Egypt’s Exports to China Rise in 2022

Egypt’s export to China increased by 20.8 % to US$1.7 billion in the first 11 months of 2022, compared to US$1.4 billion in the same period in 2021, according to Egypt’s Central Agency for Public Mobilization and Statistics, also known as CAPMAS. Egypt’s imports from China totaled US$13.2 billion from January to November 2022, up from US$13.1 billion in the same period in 2021, representing a 0.6 % increase. According to the official data, trade between Egypt and China increase by 2.6 % during the first 11 months of 2022, reaching US$14.9 billion from US$14.5 billion during the same period in 2021.

The top 10 categories of goods sent by Egypt to China during the period were fuel, mineral oils and distillate products, cotton, and fruits, totaling US$1.3 billion, US$104.3 million, and US$76.8 million, respectively. Organic chemical items worth US$868.5 million and equipment and electrical gadgets totaling US$2.6 billion were among the top 10 commodity categories imported by Egypt from China.

China’s total investments in Egypt were US$563.4 million in the fiscal year of 2021-2022, marking a 16.1 % increase from US$485.2 million in the fiscal year 2020-2021. Egypt’s value of exports increased by 80 %, reaching US$4.5 billion in Nov. 2021 However, the trade balance deficit of Egypt decreased by 63.1 % in November 2021 on an annual basis amounting to US$1.9 billion. This is compared to US$3.22 billion during the same period in 2020. Meanwhile, the value of imports declined by 0.5 % over the same period, reaching US$5.6 billion.