Egypt's trade volume with African Union increased by 24.4% in 2018: CAPMAS

Ahram Online , Monday 18 Nov 2019

Egypt's exports to African Union countries increased by 27.4 percent, while its imports were raised by 18.6 percent.

Egypt's exports to African Union (AU) countries recorded $4.736 billion in 2018, up from $3.716 billion in 2017, registering an increase of 27.4 percent, stated the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Monday.

The majority of exports were concentrated in 10 African countries, comprising 80.9 percent of the total exports value, according to CAPMAS.

Algeria came on top of the list with exports of $979.2 million, or 20.7 percent of Egyptian exports to AU countries. In second place came Libya with $635.9 million, or 13.4 percent. Morocco came in third  with $501.6 million, or 10.6 percent.

Tunisia followed in the fourth place, with exports worth $497.7 million, or 10.5 percent. In fifth place came Sudan with exports of $399.3 million, or 8.4% percent.

Sudan was followed, respectively, by Kenya, Nigeria, Ethiopia, Eritrea, and Ghana with total exports worth $934 million, or 19.8 percent of Egypt's total exports.

Egypt's imports from AU countries increased by 18.6 percent, with imports worth $2.204 billion in 2018, up from $1.859 billion in 201, stated CAPMAS.

Some 82.1 percent of Egypt's imports came from 10 AU countries. 

The top five AU countries Egypt imported from in 2018 were, respectively: Algeria with $398.1 million, or 18.1 percent; Kenya with $287.3 million, or 14.9 percent; Zambia with $266.1 million, or 12.1 percent; Sudan with $207.5 million, or 9.8  percent; and South Africa with a value $195.5 million, or 8.9 percent.

Following on the list were Morocco, the Democratic Republic of Congo, Tunisia, Nigeria and Libya, respectively, with total imports of $934 million, representing 28.8 percent of Egypt's total imports.

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