Amman, Jordan–Trade between Jordan and Egypt expanded to $355.43 million in the January-May period of the current year, according to official figures.
However, foreign trade data issued by the Department of Statistics (DoF) indicated that the national exports to Egypt in the first five months of 2023 dropped to reach nearly $63.46 million, compared to about $93 million for the same period last year.
The kingdom experienced a decline in the value of its imports from Egypt, reaching around $292 million by the end of May, compared to $333 million in the previous year.
Additionally, the data revealed that the trade balance deficit between Jordan and Egypt stood at $228.49 million until the end of May this year against $239.77 million during the same period last year.
Last December, King Abdullah of Jordan and Egyptian President Abdel Fattah El Sisi expressed desire to further expand bilateral relations between the two countries in a meeting in Cairo.
During the meeting, held at Al Ittihadiya Palace, both leaders expressed pride in the ties between the two countries and peoples, and keenness to bolster relations across various fields.
Also read: https://trendsmena.com/business/jordan-egypt-sign-deal-to-develop-and-operate-logistics-areas/
The two leaders reaffirmed the need to continue expanding bilateral cooperation, and trilateral cooperation with Iraq, as well as to continue making progress on joint agreements in service of mutual interests and Arab causes.
Discussions also covered the latest regional and international developments, with both sides stressing the need to maintain coordination and consultation on issues of mutual concern.
