Egypt's exports to Africa drop by 5% in Q1 of 2023, imports rise by 3%

The Central Agency for Public Mobilization and Statistics (CAPMAS) indicated in a report Tuesday that Egypt's exports to Africa dropped by five percent in the first quarter of 2023 compared to the same period last year, while imports rose by three percent.

Speaking of exports, they fell from $531.400 million to $504.2 million with the top importer being kenya with $67.2 million (down from $91.6 million), followed by South Africa with $17.4 million (down from $30.3 million), and Ethiopia with $1.7 million (down from $2.6 million).

As for imports, they increased to $1.656 billion up from $1.6 billion with the top exporter being Kenya with $83.2 million (down from $97 million), followed by South Africa with $28 million (up from $21.2 million).