EGYPT:Trade exchange bet. Egypt, Brazil records $1.3B during 1st of 2021 BY

  • 30 September 2021 / News / 87 / Fares RAHAHLIA


EGYPT:Trade exchange bet. Egypt, Brazil records $1.3B during 1st of 2021 BY

Trade exchange between Egypt and Brazil increased 22.9 percent, to record $1.3 billion during the first half of 2021, compared to $1 billion during the same period in 2020, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

 

CAPMAS clarified that Egypt’s exports to Brazil recorded $245.6 million during the first half of 2021, compared to $89.4 million during the same period in 2020, marking an increase of 174.6 percent.

 

It added that Egypt’s imports from Brazil rose to $1 billion during the first of 2021, compared to $930.8 million during the same period in 2020, with an increase of 8.4 percent.

  

The value of Brazilian investments in Egypt recorded $5.1 million during the fiscal year 2018/2019, compared to $246 thousand during the same period in 2017/2018, marking an increase of 1973.2 percent.

 

The remittances of Egyptians working in Brazil amounted to $4.27 million during the fiscal year 2018/2019, compared to $4.28 million during the fiscal year 2017/2018, with a slight decrease of 0.1 percent, while the remittances of Brazilians working in Egypt amounted to $2 million during the fiscal year 2018/2019 compared to $875,000 during the fiscal year 2017/2018, an increase of 132.6 percent


source: egypt today

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