Indonesia-Egypt Trade Value Records 57.55% Growth in 2021

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Dzulfiqar Fathur Rahman 02/09/2022 17:20 WIB

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The value of trade in goods between Indonesia and Egypt reached US$1.86 billion in 2021, the highest since 1989, according to United Nations data.

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Indonesia-Egypt Trade Value Records 57.55% Growth in 2021

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Indonesia-Egypt Trade Value (1989-2021)

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Trade between Indonesia and Egypt reached a new record in 2021, driven by significant growth in exports and imports from both countries. The trade surplus with the North African nation also reached its highest level.

The value of bilateral trade between Indonesia and Egypt increased by 57.55% to US$1.86 billion in 2021 from the previous year, based on data from the United Nations Comtrade database.

The trade surplus with Egypt soared to US$1.44 billion in 2021 from US$927.4 million in the previous year.

Indonesia's exports to Egypt grew by 56.6% to US$1.65 billion in 2021 from the previous year. Meanwhile, the value of imports increased by 65.38% to US$212.1 million during the same period.

Indonesia primarily exports coffee, palm oil, tea, and textiles to Egypt. Conversely, Egypt mainly exports minerals, cement, and fruits to Indonesia.

Beyond trade, Indonesia and Egypt enjoy a special diplomatic relationship. In 1946, Egypt was the first country to recognize Indonesia's sovereignty.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia-Egypt Trade Value Records 57.55% Growth in 2021

Indonesia-Egypt Trade Value Records 57.55% Growth in 2021

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Indonesia-Egypt Trade Value Records 57.55% Growth in 2021

Indonesia-Egypt Trade Value Records 57.55% Growth in 2021

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