Thank you for reading the news about Egyptian exports to GCC increase 25.7% and now with the details
Jeddah - Yasmine El Tohamy - CAIRO: Egyptian exports to the six Gulf Cooperation Council (GCC) countries during the first 10 months of 2020 rose 25.7 percent year-on-year to $4.4 billion.
According to data from Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS), the UAE was the top market for Egyptian exports over the time period, reaching $2.6 billion, followed by Saudi Arabia ($1.4 billion), Kuwait ($194.6 million), Oman ($137.6 million), Bahrain ($85.5 million), and Qatar ($655,000).
However, Egyptian imports from the GCC decreased 21.25 percent year-on-year to $6.3 billion over the period.
Saudi Arabia was the biggest GCC exporter to Egypt, with $3 billion, followed by Kuwait ($1.6 billion), the UAE ($1.1 billion), Oman ($310.9 million), Bahrain ($204.9 million), and Qatar ($19.5 million).
CAPMAS figures also revealed the total value of GCC investments in Egypt to be $3.4 billion during the fiscal year 2019/2020 compared to $2.8 billion in 2018/2019, an increase of 21.4 percent.
The UAE was the biggest investor with $1.6 billion, followed by Qatar ($679.4 million), Saudi Arabia ($448.6 million), Kuwait ($347.5 million), Bahrain ($324 million), and Oman ($10.7 million).
These were the details of the news Egyptian exports to GCC increase 25.7% for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.