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Egypt-Saudi Arabia trade surges amid covid-19 fallout
28 April 2021  -  Organization :  -  Sector/Entity :  -  Category : Trade News

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Egyptian exports to Saudi Arabia grew significantly in 2020 to reach $2.6 billion, up 13%.

Cairo- Apr 28, 2021

Egyptian exports to Saudi Arabia grew significantly in 2020 to reach $2.6 billion, up 13%  from $2.3 billion a year earlier, Minister of Trade and Industry Nevine Gamea has announced.

According to the latest report by the Egyptian commercial office in Jeddah, export growth was led by stronger shipments of food and agricultural products, despite a decrease in total Saudi imports over the same year by 9% compared to 2019 due to the repercussions of the coronavirus pandemic.

Overall non-oil trade between the two countries also saw a noticeable increase last year, hitting $4.4 billion, compared to $4.1 billion in 2019.

 

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