Egypt’s exports to the G7 countries at the beginning of 2021 are $1.9 billion

The data of the Central Agency for Public Mobilization and Statistics showed an increase in the value of Egyptian exports for countries Seven industrial group The major recorded $1.9 billion during the first quarter of 2021 compared to $1.6 billion during the first quarter of 2020, an increase of 14.2%.

Italy came at the top of the list of the G7 industrialized countries that imported the most from Egypt during the first quarter of 2021, as the value of Egypt’s exports to it amounted to 559.5 million dollars, and the United States of America came in second place with 525.4 million dollars, then the United Kingdom 264 0.7 million dollars, then Germany 184.5 million dollars, France 171.9 million dollars, Canada 115 million dollars, and finally Japan 63.2 million dollars.

The value of Egyptian imports from the G7 countries amounted to 4.36 billion dollars during the first quarter of 2021, compared to 4.42 billion dollars during the first quarter of 2020, a decrease of 1.2%, and the value of trade exchange between Egypt and the G7 countries recorded 6. $2 billion during the first quarter of 2021 compared to $6.1 billion during the first quarter of 2020, an increase of 3%.

The United States of America ranked first in the list of the G7 industrialized countries with the highest exports to Egypt during the first quarter of 2021, with the value of Egypt’s imports reaching $1.6 billion, Germany ranked second with $970.6 million, then Italy 753.5 million dollars, France 408.5 million dollars, the United Kingdom 337 million dollars, Japan 243.3 million dollars, and finally Canada 71.4 million dollars.

The value of the G7 countries’ investments in Egypt recorded $5.7 billion during the 2019/2020 fiscal year, compared to $8.9 billion during the 2018/2019 fiscal year, a decrease of 36%. The United Kingdom acquired the largest share of the group’s investments in Egypt during In 2019/2020, its investments amounted to $2.9 billion, followed by the United States of America $1.5 billion, Italy $596.3 million, France $349 million, Germany $215.2 million, and Canada 94 million dollars, and finally Japan 33 million dollars.

The value of remittances from Egyptians working in the G7 countries amounted to 1.6 billion dollars during the fiscal year 2018/2019, compared to 1.7 billion dollars during the 2017/2018 fiscal year, a decrease of 6.7%, and the United States of America acquired the largest share of remittances from working Egyptians In the group’s countries during 2018/2019, which recorded a value of $842 million, followed by the United Kingdom $365.4 million, France $112,8 million, Germany $112,6 million, Italy $82.6 million, and Canada $72.2 million, and finally Japan $5.7 million.
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