CAPMAS: Egypt-Spain trade exchange hits $3m in ’24
The trade exchange between Egypt and Spain reached $3.1 billion in 2024, compared to $3.2 billion in 2023, according to the latest figures from the official statistics agency CAPMAS on Monday.
Egypt’s exports to Spain were valued at $1.5 billion in 2024, down from $1.6 billion in 2023, while Egypt’s imports from Spain amounted to $1.6 billion in 2024, up from $1.5 billion in 2023.
Top Egyptian Exports to Spain in 2024:
- Iron and steel – $227 million.
- Fertilisers – $195 million.
- Ready-made garments – $173 million.
- Vegetables and fruits – $120 million.
- Plastics and its products – $115 million.
Main Imports from Spain to Egypt in 2024:
- Copper and its products – $239 million.
- Fuels, mineral oils, and their products – $188 million.
- Pharmaceutical products – $168 million.
- Electrical Machinery and Equipment – $133 million.
- Motor vehicles and bicycles – $81 million.
The report also highlighted remittance trends, with Egyptian workers in Spain sending home $21.6 million in the fiscal year 2023/2024, compared to $18.9 million the previous year. Meanwhile, Spaniard workers in Egypt sent $4.9 million in 2023/2024, slightly down from $3.8 million in 2022/2023.
Spanish investments in Egypt amounted to $123 million in the 2023/2024 fiscal year, compared to $161 million in 2022/2023. On the other hand, Egyptian investments in Spain totalled $61.9 million in the 2023/2024 fiscal year, compared to $63 million in 2022/2023.
Attribution: Amwal Al Ghad English
Subediting: Y.Yasser
AfDB 2023