Egypt-Japan trade exchange records $1.025bn in 2022

Daily News Egypt
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Minister of Trade and Industry Ahmed Samir stated that the trade exchange between Egypt and Japan reached approximately $1.25bn in 2022.

The minister said that Egypt and Japan have distinguished bilateral relations based on achieving common interest of the two countries, highlighting the government’s keenness to attract more Japanese investments to work in the Egyptian market and benefit from advanced Japanese industrial expertise as well as from the distinguished investment opportunities available in Egypt.

Samir explained that the most important items of trade exchange between Egypt and Japan during the past year include food products, furniture, agricultural crops, building materials, engineering and electronic goods, chemical products, fertilizers, and ready-made clothes.

He added that Japanese investments in Egypt amounted to about $408.2m as of June 2021 in fields of engineering and metallurgical industries, automobile and pharmaceutical industries, food products, financial services, infrastructure, tourism, information technology and renewable energy.

Mohamed Abdel Karim, Chairperson of Industrial Development Authority, said that the number of Japanese establishments registered in the Authority is 11 in various industrial sectors, pointing out that these establishments provide about 4,600 job opportunities.

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