Egyptian Exports to Germany Increase by 11% in the First Half of 2024

According ​to data from the Central Agency for Public Mobilization and⁢ Statistics, the volume of Egyptian exports to Germany increased, recording $463 million in the first half of 2024, compared to $417 million in the same period of 2023, an increase of 11%, while Egyptian ‌imports from Germany amounted ‌to $2​ billion in the first half of 2024, compared to $1.9‌ billion in the⁤ same period in 2023, an increase of 5.3%.

Data from the organization shows an increase in the volume of trade ‌between Egypt and Germany, recording 2.5 billion dollars in ‍the first half of 2024, compared to 2.4 billion dollars in the same period of 2023, an increase of 4.2%.

Top Egyptian Exports to Germany in⁢ the First Half of 2024

• Vegetables and fruits worth million.
• Machines, electrical and mechanical devices​ and their parts valued‌ at $68 million.
• $65 million worth of ⁣ready-made garments.
• $50 million worth of fuel and mineral oil.
• Oilseeds and fruits $25 million.

Top Egyptian Imports⁤ from‌ Germany in the First Half of 2024

• Machines,⁣ electrical and mechanical devices and⁢ their parts valued at $628 million.
• Cars⁣ and tractors worth $464 million.
• Pharmaceutical products⁣ worth $206 million.
• Plastics and their products are valued at $111 million.
• Various chemical products worth $61 million.

The value of German investment in Egypt in the first half of the 2023/2024 fiscal year was recorded at $196.4 million, compared ⁤to $199.6 million‍ in​ the same period of the 2022/2023 fiscal year, while ⁢Egyptian investment in Germany amounted to $97.9 million in the first period. Half in the 2023/2024 fiscal year, compared to $131.4 million in the same period in the 2022/2023 fiscal year.

Remittances from Egyptians working in Germany‍ were worth $129.8 million in the 2022/2023 ⁤fiscal year, compared to $203.3 million in the 2021/2022 fiscal ‌year, while remittances from Germans working in Egypt were worth $15.2​ million. 2022/2023, compared to $9.7 million in the 2021/2022 fiscal year.

Egypt recorded a population of 106.8 million people in September 2024, while Germany recorded a population⁤ of 83.2 million people‍ for the same period.

According to mission estimates, the number of Egyptians present in Germany will reach 128,000 Egyptians by the⁣ end of 2023.