Egypt-Indonesia trade hit $1.39b in 10 months – CAPMAS

Egypt’s trade exchange with Indonesia has reached $1.39 billion during the first 10 months of 2024, marking a slight increase from $1.38 billion in the same period of 2023, according to data released by the country’s official statistics agency CAPMAS on Wednesday.

Exports and Imports

Egypt’s exports to Indonesia totaled $109.5 million in the first 10 months of 2024, down from $115 million in 2023. Meanwhile, imports from Indonesia remained steady at $1.3 billion for the period, reflecting no change from the previous year.

Key Export and Import Commodities

Key Egyptian exports to Indonesia during this period included salt, sulfur, and cement worth $55 million, fruits and crops at $12 million, vegetables and plants at $11 million, metal ores at $8 million, as well as electrical equipment and appliances at $5 million.

On the import side, Egypt sourced significant quantities of animal fats, oils, and greases valued at $703 million, followed by coffee, tea, and spices at $92 million, iron and steel at $74 million, electrical appliances, equipment, and their parts at $62 million, as well as automobiles, tractors, and motorcycles along with their components at $50 million.

Remittances and Investments

In terms of remittances, Egyptians working in Indonesia sent home $5.1 million in the 2022/2023 fiscal year, a decrease from $19 million in the 2021/2022 period. Conversely, remittances from Indonesians working in Egypt amounted to $3.6 million in 2022/2023, down from $4.2 million in the previous year.

The value of Indonesian investments in Egypt was $1.2 million during the fiscal year 2022/2023, up from $956,000 in the 2021/2022 year. Meanwhile, Egyptian investments in Indonesia totaled $54.2 million in the fiscal year 2022/2023, down from $179.9 million in the fiscal year 2021/2022.

Attribution: CAPMAS

Subediting: Y.Yasser