Economy and Stock Exchange

Statistics: 19.8% increase in the value of American investments in Egypt during 2021/2020

Today, Saturday, data from the Central Agency for Public Mobilization and Statistics revealed that the value of US investments in Egypt increased to $9.2 billion during the fiscal year 2020/2021, compared to $7.7 billion during the fiscal year 2019/2020, an increase of 19.8%.

The value of remittances from Egyptians working in the United States of America recorded $1.4 billion during the fiscal year 2020/21, compared to $975.2 million during the fiscal year 2019/2020, an increase of 40.9%, while the value of remittances from Americans working in Egypt amounted to $42.8 million during the fiscal year 2020/ 2021 compared to $49.9 million during the fiscal year 2019/2020, a decrease of 14.1%.

The statistics indicated that the value of trade exchange between Egypt and the United States of America increased to reach $8.6 billion in 2021, compared to $6.3 billion in 2020, an increase of 37.4%.

The value of Egyptian exports to the United States of America increased to reach $2.5 billion in 2021 compared to $1.6 billion in 2020, an increase of 56.3%, and the value of Egyptian imports from the United States of America reached $6.1 billion in 2021 compared to $4.7 billion in 2020 with a rate An increase of 30.9%.

The most important commodity groups exported by Egypt to the United States of America during 2021

1. Apparel worth $1.2 billion.

2. Carpets and floor coverings worth $206 million.

3. Plastics and articles thereof, with a value of 167.5 million dollars.

4. Glass and articles thereof, valued at $90.3 million.

The most important commodity groups imported by Egypt from the United States of America during the year 2021

1. Medicinal pills and plants worth $1.6 billion.

2. Fuels, mineral oils and their distillation products, with a value of one billion dollars.

3. Pharmacy products valued at $447.8 million.

4. Airplanes and spaceships worth $418 million.

5. Boilers, machinery and automatic devices with a value of $352.4 million.

The population of Egypt recorded 103.5 million people in 2022, while the population of the United States of America recorded 334.8 million people in 2022.

The number of Egyptians in the United States, according to the mission’s estimates, reached 2.2 million by the end of 2020.

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