Egypt–Lebanon trade hits $1b in ’24 – CAPMAS
Trade volume between Egypt and Lebanon increased by 29.3 per cent to $1 billion in 2024, compared to $774 million a year earlier, according to recent figures published by Egypt’s state statistics agency, CAPMAS, on Monday.
Egyptian export to Lebanon reached $762.8 million in 2024, compared to $530.4 million in 2023, 43.8 per cent rise. Meanwhile, imports from Lebanon amounted to $237.7 million in 2024, down from $243.4 million in 2023 – a decrease of 2.3 per cent.
Top Egyptian Exports to Lebanon in 2024:
- Fuel, mineral oils, and distillation products – $215 million
- Iron and steel products – $65 million
- Cement – $55 million
- Vegetables and fruits – $48 million
- Sugar and sugar products – $41 million
Top Imports from Lebanon to Egypt in 2024:
- Iron and steel products – $118 million
- Fruits – $72 million
- Electrical machinery and equipment – $22 million
- Plastics – $4 million
- Tanning and dyeing extracts – $4 million
Remittances of Egyptian expats in Lebanon totalled $42.9 million during 2023/2024, compared to $38.1 million in 2022/2023. In contrast, Lebanese remittances reached $3.5 million in 2023/2024, down slightly from $3.7 million in 2022/2023.
Lebanese investments in Egypt were valued at $51.2 million during the 2023/2024 financial year, compared to $51.4 million in 2022/2023. Egyptian investments in Lebanon amounted to $9.7 million in 2023/2024, up from $7.9 million in 2022/2023.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama
