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Trade and economic cooperation
24 March 2021 17:00

Bilateral trade and economic cooperation with Egypt

Trade in goods and services between Ukraine and Egypt

According to the data provided by the Government Statistics Agency of Ukraine in the year of 2020 the total trade in goods and services between Ukraine and Egypt amounted to 1.8 billion USD.

In the year of 2020 total volume of bilateral trade in goods between Ukraine and Egypt amounted to 1.693 billion USD. The volume of goods exported from Ukraine to Egypt reached 1.618 billion USD. At the same time volume of goods imported from Egypt to Ukraine reached 75.2 million USD.

During 2020 the most exported types of goods from Ukraine to Egypt were:

· grains, oils, agricultural products – 75.1%;

· base metals and articles of thereof – 16.4%;

During 2020 the most imported types of goods were:

· edible fruits – 49.3%;

In the year of 2020 total volume of bilateral trade of services between Ukraine and Egypt amounted to 107 million USD. The volume of services exported from Ukraine to Egypt reached 34.4 million USD. The volume of services imported into Ukraine from Egypt reached 72.6 million USD. The trade balance of bilateral trade in services during this period caused a surplus for the Egyptian side of 38.2 million USD.

Ukraine attaches great importance to the prospects of increasing exports of Ukrainian finished goods with a high level of added value, energy equipment, high-tech products of aviation and space industries.

On November 02, 2018 the 7th Session of the Egyptian-Ukrainian Joint Committee on Economic, Scientific and Technical Cooperation was held in Kyiv, co-chaired by Vice-Prime-minister of Ukraine H.E. Pavlo Rozenko and Minister of Investment and International Cooperation of the Arab Republic of Egypt, H.E. Dr. Sahar Nasr.

Currently, the Ukrainian part of the Intergovernmental Joint Committee is headed by Deputy Minister for Economic Development, Trade and Agriculture – Trade representative of Ukraine H.E. Mr. Taras Kachka, and the Egyptian one – by the Minister of International Cooperation of the Arab Republic of Egypt H.E. Dr. Rania Al-Mashat.

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