Egypt-Russia trade hits $6.6b in ’24 – CAPMAS
Trade volume between Egypt and Russia recorded $6.6 billion in 2024, up from $5.6 billion a year earlier, according to recent figures published by Egypt’s state statistics agency, CAPMAS on Thursday.
Egyptian exports to Russia also increased to $607 million from $524 million in 2023, while imports from Russia rose to $6 billion from $5 billion.
Top Egyptian Exports to Russia
- Fruits and nuts – $419 million
- Vegetables – $111 million
- Plastics and their products – $17 million
- Cereals and oilseeds – $13 million
- Prepared vegetables and fruits – $10 million
Top Imports from Russia to Egypt
- Cereals – $3.1 billion
- Iron and steel and their products – $1.3 billion
- Vegetable and animal oils and fats – $526 million
- Wood and wood products, charcoal – $262 million
- Mineral oils and fuels – $205 million
Remittances of Egyptian expats in Russia totalled $1.9 million during the fiscal year 2023/2024, down from $14.9 million in 2022/2023. Meanwhile, Russians’ remittances from Egypt reached $71,000, compared to $138,000 in the previous fiscal year.
Russian investments in Egypt recorded $91.5 million in the fiscal year 2023/2024, compared to $141.2 million in 2022/2023. Egyptian investments in Russia reached $29.8 million during 2023/2024, up from $18.6 million in 2022/2023.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama
