The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed Wednesday that the trade exchange between Egypt and the United States increased to $7.3bn in the first nine months of 2022, compared to $6.5bn during the same period in 2021, a growth of 13.4%. The agency stated that the value of Egyptian exports to the United States decreased to $1.8bn during the first nine months of 2022, compared to $1.9bn during the same period in 2021, down 1.7%, while the Egyptian imports from the US increased to $5.5bn, compared to $4.6bn, a growth of 19.5%. According to the agency, the most important commodity groups that Egypt exported to the United States during 9M 2022 were garments worth of $1.1bn, plastics and their manufactures worth of $136.5m, carpets and floor coverings worth of $117.4m, vegetables worth of $83m, and glass worth of $68.7m. As for the most important commodity groups that Egypt imported from the United States in 9M 2022, they were seeds and medicinal plants worth of $1.9bn; fuel, mineral oils, and their distillation products worth of $1bn; pharmaceutical products of $326.2m; boilers, machinery, and automatic devices of $293.1m; and iron and steel worth of $267m. CAPMAS said that the US investments in Egypt increased to $9.2bn during fiscal year 2020/21, compared to $7.7bn in FY2019/20, an increase of 19.8%. It added that the Egyptian remittances from the United States recorded $1.4bn in FY2020/21, compared to $975.2m in FY2019/20, an increase of 40.9%, while the remittances of Americans working in Egypt amounted to $42.8m, compared to $49.9m, a decrease of 14.1%. According to the agency, the number of Egyptians residing in America reached 1.5 million in 2021.
