Surplus in Egypt-Algeria trade balance in Egypt’s favour

For the first time in 10 years, the trade balance between Egypt and Algeria recorded an approximately $43m surplus in Egypt‘s favour, compared to the$89.9m deficit recorded in 2013.

The new results show that Egyptian exports to Algeria increased in 2014. Mohamed Sharif, Minister Trade Commissioner at the Egyptian Embassy to Algeria, revealed Wednesday to state-run news agency MENA that Egyptian exports to Algeria increased by more than 18% last year.

Sharif further noted that total exports from Egypt to Algeria reached $575.4m, compared to $487.7m in 2013, marking an increase of $ 87.7m compared to 2013.

He then said that exports from Algeria to Egypt shrunk by $45.2m, where they reached approximately $532.4 in 2014 compared to $577.6m in 2013.

Building materials, chemicals and fertilisers, engineering and electronic products, agricultural crops and others were among the products that Egypt exported to Algeria in 2014.

Imported products on the other hand from Algeria included butane, natural gas and liquefied natural gas (LNG).

Egypt’s trade balance, however, has been suffering from a deficit for a while, due to the country’s imports in general exceeding its exports.