Egypt's exports to Iraq record $121.2 million, a growth of 20% during the first quarter

Published 2021년 6월 27일

Tridge summary

Egypt's exports to Iraq experienced a 20.3% increase in the first quarter of 2021, totaling $121.199 million, which is 1.3% of Egypt's total worldwide exports. The trade volume between Egypt and Iraq was $126.167 million, marking a 43.4% decrease from the same period in 2020. Egyptian exports to Iraq include furniture, cotton spinning, pasta, medicines, and petroleum products, among others, while imports from Iraq were predominantly chocolate and cocoa products, with a 96% decrease to $4.968 million. The economic and trade relations between Egypt and Iraq are governed by various agreements and are focused on industrial and agricultural investment, energy, tourism, and construction. Iraq's investment in Egypt reaches approximately $490 million, with 3,329 companies operating in Egypt. The first visit of an Egyptian president to Iraq in three decades signifies the strong historical relations and the commitment to further develop these ties.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The value of Egypt's exports to Iraq increased by 20.3% during the first quarter of 2021 to reach $121.199 million, compared to $100.749 million during the first quarter of 2020, accounting for 1.3% of the total Egyptian exports to the world.The Foreign Trade Bulletin issued by the Central Agency for Public Mobilization and Statistics showed Of which Amwal Al-Ghad obtained a copy, the value of Egyptian exports to the Iraqi market increased during last March to record 53.502 million dollars, compared to 34.592 million dollars, a growth of 54.7%. The value of trade between Egypt and Iraq amounted to about 126.167 million dollars during the first quarter of 2021, compared to 222.751 million dollars during In the same quarter of 2020, a decline of 43.4%, accounting for 0.45% of Egypt's total trade with the countries of the world, and also decreased during March by 64.5% to reach $54,764 million, compared to $154.467 million. The value of Egypt's imports from Iraq decreased by 96% to ...

Source: Amwalalghad