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Egypt-Kuwait trade volume drops to $3b in '23 – CAPMAS
Aya El Sayed Published in Amwal Al Ghad on 01 - 05 - 2024

The trade volume between Egypt and Kuwait reached $3 billion in 2023, down from $3.4 billion in 2022, as announced by the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Tuesday, April 30, 2024.
Egypt's exports to Kuwait were $315 million in 2023, down from $428 million in 2022. Meanwhile, Egypt's imports from Kuwait were $2.7 billion in 2023, down from $3 billion in 2022.
Egypt's exports to Kuwait in 2023 included $65 million in electrical appliances, $64 million in vegetables and fruits, $16.3 million in vegetable and fruit preparations, $15.1 million in essential oils, and $13.5 million in ready-made clothes.
Egypt's imports from Kuwait in 2023 included $2.7 billion in fuels, oils, and distillation products, $12.2 million in organic products, and $10.2 million in plastics and their products.
The value of Kuwaiti investments in Egypt was $632.6 million in the fiscal year 2022-2023, down from $669.3 million in 2021-2022.
The value of remittances from Egyptians working in Kuwait was $2 billion in the fiscal year 2022-2023, down from $4.5 billion in 2021-2022. Meanwhile, the value of remittances from Kuwaitis working in Egypt was $4 million in the fiscal year 2022-2023, down from $8 million in 2021-2022.
This report is part of CAPMAS's keenness to monitor the activities of economic relations between Egypt and Kuwait.

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