Egypt trade with Africa hits $9.8b in ’24 – CAPMAS

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By Nada Ali

Trade volume between Egypt and African Union countries reached $9.8 billion in 2024 against $9.2 billion in 2023, a 6.5 per cent increase from 2024, according to recent figures published by Egypt’s state statistics agency, CAPMAS.

Egyptian exports to African Union countries reached $7.7 billion in 2024, up 4.7 per cent from $7.4 billion in 2023. Meanwhile, imports from African Union countries rose 14.5 per cent to $2.1 billion in 2024, up from $1.8 billion in 2023.

In 2024, Libya was the top importer of Egyptian goods at $2 billion, followed by Morocco ($1 billion), Algeria ($996 million), Sudan ($866.2 million), and Tunisia ($372 million).

However, the Democratic Republic of Congo led African Union nations in exports to Egypt, with imports valued at $661.9 million, followed by Sudan, Kenya, Nigeria, and South Africa, according to the report.

Top Egyptian Exports to African Union countries in 2024:

  • Cement, Gypsum, and table Salt: $694.4 million
  • Plastics and their products: $590.5 million
  • Mills Products: $397 million
  • Electrical Machinery and Equipment: $357.8 million
  • Iron and Steel: $289.4 million
  • Various Cement and Stone Products: $279.2 million

Top Imports from African Union countries to Egypt in 2024:

  • Copper and its products: $741.5 million
  • Coffee and Tea: $286.6 million
  • Fuel and Mineral Oils: $203.7 million
  • Live Animals: $147.6 million
  • Oilseeds and Fruits: $109.4 million
  • Vehicles and Tractors: $85.3 million
  • Cotton: $80.9 million
  • Iron and Steel: $73.6 million

Remittances of Egyptian expats in African Union countries reached $115.8 million during the 2023/2024 fiscal year, slightly down from $122 million in 2022/2023. Nigeria led in remittance volume, followed by Kenya and Morocco.

Conversely, remittances from African workers in Egypt amounted to $23.6 million in 2023/2024, compared to $28.8 million the previous year, with South Africa topping the list.

Investment flows showed a decline, with African Union investments in Egypt totalling $831.2 million in 2023/2024, down from $1.6 billion, while Egyptian investments in Africa slightly decreased to $499.1 million.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama

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