Saudi Arabian imports top Egyptian imports list

Egyptian imports from Saudi Arabia jumped by 131 percent in June 2021 to $602.5 million, compared to about $260 million in the same month of 2020, an increase of $342.5 million, recent official data revealed, according to Al Arabiya.

Egyptian imports from Arab countries jumped by 106 percent to around $1.203 billion last June, compared to about $583,8 million in June 2020, with an increase of about $ 619,6 million, according to data from the Central Agency for Public Mobilization and Statistics in Egypt.

Kuwait ranked second as an importer from Egypt, with a 349 percent increase in its imports, while UAE came third with an about 15.3 percent increase.

Egyptian exports to Arab countries also recorded a significant increase, with a total of $1.066 billion value last June, while it was $862.3 million in June 2020, an increase of $ 204.1 million.

The value of exports to Saudi Arabia was approximately $ 205.9 million last June, followed by Egyptian exports to Libya, amounting to approximately $83.1 million in June. The value of exports to the rest of the Arab countries was approximately $456.4 million, with an increase of approximately $95.1 million.

The Statistical Authority indicated that the value of the trade balance deficit was $2.88 billion in July 2021, compared to $3.37 billion in the same month the previous year, a decrease of about 14.6 percent.