Trade between Egypt and Indonesia grows 47.5% to reach $1.12 billion in 8 months

Published 2021년 12월 1일

Tridge summary

The article highlights a significant increase in the trade relationship between Egypt and Indonesia, with a 47.5% surge in bilateral trade reaching $1.12 billion from January to August 2021. Agricultural trade plays a crucial role, accounting for over 70% of Indonesia's exports to Egypt, including crude palm oil, coffee, cocoa, spices, and coconut, while Egypt exports dates, citrus, olive oil, and grapes. The growth in trade reflects the strong bilateral relations and mutual cooperation, with efforts to further strengthen these ties through various initiatives and discussions focusing on enhancing agricultural cooperation and exploring opportunities for economic growth.

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

Original content

Muhammad Aji Syria, Deputy Ambassador of the Republic of Indonesia in Cairo, revealed that the value of trade between Egypt and Indonesia increased by 47.5% to $1.12 billion during the period from “January-August 2021”, compared to $761 million. He stated during the “Indonesian Coffee Day” celebration that Over the past five years, we have noticed that the total volume of trade exchange between the two countries is usually more than one billion dollars. Syria explained that the total exports from Indonesia to Egypt increased by 46.7%, and Egypt's exports to Indonesia increased by 53%. He added that the Indonesian exports of products Agricultural and processed foods to Egypt account for more than 60% of the total value of Indonesian exports to Egypt, and among the largest export commodities are crude palm oil, coffee, cocoa, spices, and coconut, with a total value of 767.5 million dollars. According to data from the Central Agency for Public Mobilization and Statistics, Total ...

Source: Amwalalghad