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Egypt’s total trade with AU countries reached $9.2 billion

Egypt’s total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from the previous year’s $8.7 billion.
21.11.24 | Source: SIS

Egypt’s total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from the previous year’s $8.7 billion, according to data from the Central Agency for Public Mobilisation and Statistics (CAPMAS).

 

Export Growth: 15.6% Increase



  • Egyptian exports to Africa increased by 15.6 per cent, reaching $7.4 billion in 2023, up from $6.4 billion in 2022.

  • Top five export destinations:

    1. Libya: $1.8 billion (24.9 per cent of total exports)

    2. Sudan: $989 million (13.4 per cent)

    3. Algeria: $859 million (11.6 per cent)

    4. Morocco: $829 million (11.2 per cent)

    5. Kenya: $327 million (4.4 per cent)



  • Key export categories:

    1. Cement, gypsum, and calcium phosphate: $701 million (9.5 per cent)

    2. Plastics and related products: $574 million (7.8 per cent)

    3. Flour and starch products: $375 million (5.1 per cent)




Imports Decline by 21.7%



  • Imports from African countries dropped by 21.7 per cent, totalling $1.8 billion in 2023, compared to $2.3 billion in 2022.

  • Top five import sources:

    1. Democratic Republic of Congo: $532 million (29.3 per cent)

    2. Sudan: $388 million (21.4 per cent)

    3. Kenya: $311 million (17.1 per cent)

    4. Zambia: $165 million (9.1 per cent)

    5. South Africa: $101 million (5.6 per cent)



  • Key import categories:

    1. Copper and products: $710 million (39.1 per cent)

    2. Coffee, tea, and spices: $309 million (17.0 per cent)

    3. Live animals: $175 million (9.7 per cent)




Trade with Key African Blocs



  • Sahel and Sahara States:

    • Trade grew by 10.2 per cent, reaching $6.5 billion in 2023 (up from $5.9 billion in 2022).

    • Exports: $5.6 billion (19 per cent increase from $4.7 billion in 2022).

    • Imports: $925 million (19 per cent decrease from $1.14 billion in 2022).



  • COMESA Bloc:

    • Trade increased by 7.4 per cent, reaching $5.8 billion (up from $5.4 billion in 2022).

    • Exports: $4.2 billion (20 per cent increase from $3.5 billion in 2022).

    • Imports: $1.6 billion (15.8 per cent decrease from $1.9 billion in 2022).



  • Nile Basin Countries:

    • Trade declined by 3.2 per cent, totalling $3.0 billion (down from $3.1 billion in 2022).

    • Exports: $1.7 billion (same as 2022).

    • Imports: $1.3 billion (7.1 per cent decrease from $1.4 billion in 2022).



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