UAE becomes Egypt's largest trading partner

In its latest report, the The Central Bank of Egypt (CBE) said that from July 2023 to March 2024, Egypt's total foreign trade reached US$77.039 billion, of which imports were about US$52.920 billion and exports US$24.119 billion. This is reported by Daily News Egypt, a partner of TV BRICS.

During this period, the United Arab Emirates topped the list of Egypt's trading partners with a trade exchange volume of US$6.998 billion, where imports reached US$4.310 billion and exports reached US$2.687 billion. 

Saudi Arabia ranked second among Egypt's trading partners by the end of the first quarter of 2024, with a trade volume of US$5.209 billion. This figure includes US$3.871 billion in imports and US$1.338 billion in exports. China ranked fourth with a trade volume of US$5.077 billion, comprising US$4.658 billion in imports and US$418.6 million in exports.

Russia's trade turnover with Egypt reached US$1.967 billion.

In the first nine months of the 2023/24 fiscal year, Brazil ranked 11th among Egypt's trading partners with a total trade volume of US$1.933 billion, followed by India with US$1.901 billion.