Egypt’s exports to international groups rise 6.6% in 2018 – CAPMAS

Egyptian exports to international groups, in which Egypt is a member, rose 6.6 percent to $28.7 billion in 2018 from $26.9 billion in 2017, according to a report.

These international groups are the United Nations Economic and Social Commission for Western Asia (ESCWA), the Sahel and Sahara Group, the Common Market for Eastern, and Southern Africa (COMESA), the Group of 15 and the Arab free trade zone, said Egypt’s state-owned statistics agency CAPMAS on Tuesday.

Egypt’s exports to the Arab free trade zone topped the list, recording $9.4 billion last year.

Exports to ESCWA came in second, recording $7.9 billion in 2018, while COMESA came in last with exports registering $1.9 billion.

Exports to groups which do not include Egypt as a member stood at $12 billion in 2018, an 18.6 percent rise.

These groups are the European Union, the European Free Trade Association (EFTA), the North American Free Trade Agreement (NAFTA), the Association of Southeast Asian Nations (ASEAN) and MERCOSUR.

Egypt’s exports to EU ranked number one, standing at $9 billion in 2018 at a 17.8 percent uptick.

Exports to NAFTA came in the second position at $1.8 billion, while EFTA came at the end of the list with $0.2 billion.

Source: MENA