(3 minutes read)
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the trade volume between Egypt and Nile Basin countries reached US$3.041bn in 2022, with a trade surplus of US$287m in favor of Egypt.
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the trade volume between Egypt and Nile Basin countries reached US$3.041bn in 2022, with a trade surplus of US$287mn in favor of Egypt.
Egypt’s exports to these countries increased by 7.4% in 2022, reaching US$1.664bn, compared to US$1.55bn in 2021. The statement highlighted that five African countries accounted for 93.9% of the total exports to the trade bloc.
Sudan was the top destination for Egyptian exports, with a value of US$929m, representing 55.8% of the total. Kenya came second with US$356m (21.4%), followed by Uganda with US$108m (6.5%), Ethiopia with $103m (6.2%), and Tanzania with $70m (4.2%).
The most exported goods were dates and their products, with a value of $196m (30.1% of the total), followed by fertilizers with US$182m (27.9%), and sugar and sugar products with US$97m (14.9%).
Egypt’s imports from Nile Basin countries increased by 75.9% in 2022, reaching US$1.377bn, compared to US$783m in 2021. Five African countries accounted for 99.3% of the total imports from the trade bloc. The Democratic Republic of the Congo was the main source of Egyptian imports, with a value of US$525m, representing 38.1% of the total. Sudan came second with US$505m (36.7%), followed by Kenya with US$308m (22.4%), Uganda with US$23m (1.7%), and Ethiopia with US$8m (0.6%).
Read Also:
https://trendsnafrica.com/egypts-elsewedy-electric-sets-up-industrial-park-in-tanzania/
https://trendsnafrica.com/egypt-and-turkey-to-enter-into-free-trade-agreement/
The most imported goods were copper and its products, with a value of US$530m (41.1% of the total), followed by tea and spices with US$294m (22.8%), and live animals with US$195m (15.1%).
