Egyptian exports to Libya have claimed the lion’s share among Egypt’s total exports to the countries of the Arab Common Market, according to data from the Central Agency for Public Mobilization and Statistics.
The total value of these exports reached approximately $3.263 billion during the first eleven months of the previous year, 2023, up from about $2.916 billion in the same period of 2022, marking a total increase of $346.595 million.
The Egyptian exports to Libya witnessed a significant surge in 2023, escalating to $1.621 billion from January to November, up from $1.085 billion in the corresponding period in 2022, with an increase of about $531.782 million.
Following Libya, Iraqi imports from Egypt ranked second among the Arab Common Market countries, with the value of Egyptian exports to Iraq amounting to about $646.721 million during the first eleven months of 2023, compared to $475.184 million in the same period of 2022, showing an increase of $171.537 million.
Overall, the data from the agency showed a rise in the trade exchange value between Egypt and Libya, reaching $1.7 billion during the first eleven months of 2023, compared to $1.2 billion during the same period in 2022, marking a 42% increase.
The value of Egyptian imports from Libya was recorded at $61.7 million during the first eleven months of 2023, compared to $85.5 million during the same period in 2022, indicating a 28% decrease.
