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Egyptian-Lebanese trade jumps 35.4% YoY in 2021

Egyptian-Lebanese trade jumps 35.4% YoY in 2021

ArabFinance: The trade exchange between Egypt and Lebanon surged around 35.4% year-on-year (YoY) in 2021, recording about $579.5 million, Egyptian Minister of Trade and Industry Ahmed Samir revealed on September 19th during the sixth meeting of the Egyptian Lebanese Businessmen Association.

Samir said Egypt’s imports from Lebanon soared 71% YoY to around $228.5 million last year.

He revealed that Lebanese investments in Egypt amounted to $1.28 billion, adding that the number of Lebanese companies in Egypt reached 1,904.

The minister stated that Lebanon ranked 13th among the top countries investing in Egypt.

 

 

 

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