Trade between Egypt and Jordan records $288 million and exports grow 18% during the first quarter

Published 2021년 6월 27일

Tridge summary

The article highlights a significant 18% increase in the trade volume between Egypt and Jordan during the first quarter of 2021, amounting to approximately $228.147 million, which represents 0.8% of Egypt's total global trade. This growth is attributed to a rise in both exports and imports from Jordan, with Egypt's exports to Jordan seeing a 17.7% increase to $190.356 million, and imports from Jordan experiencing a 19.4% increase to $37.791 million. The trade balance clearly favors Egypt, with a positive balance of $152.565 million during the quarter. The article also mentions the ongoing economic cooperation between the two countries, supported by various bilateral and regional agreements, and the presence of 2,423 Jordanian companies in Egypt with an investment capital of $2.2 billion. The article also briefs about the ongoing tripartite summit between Egypt, Jordan, and Iraq to strengthen the economic, investment, energy, oil, and electricity cooperation among the nations.

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Original content

The value of trade between Egypt and Jordan increased by 18% during the first quarter of 2021, to record about $228.147 million, compared to $193.416 million during the same quarter of 2020, accounting for 0.8% of Egypt's total trade with the countries of the world. For General Mobilization and Statistics, of which Amwal Al Ghad obtained a copy, the trade exchange between the two countries increased by 24.3% during last March, to reach $66.324 million, compared to $53.334 million. The value of Egypt’s exports to Jordan increased by 17.7% to record $190.356 million, compared to $161.776 million. , to acquire 2.1% of the total Egyptian exports to the world, as well as in March to record 56,845 million dollars, compared to 43.776 million dollars, a growth of 29.8%. The value of Egypt's imports from Jordan grew by 19.4%, reaching 37.791 million dollars, compared to 31.64 million dollars, to acquire 0.2% Of the total Egyptian imports from the world, while they decreased in March to ...

Source: Amwalalghad