Egypt’s Minister of Trade and Industry, Ahmed Samir has announced that the volume of trade exchange between Egypt and other African countries amounted to $2.117 billion during the first quarter of 2023.
Egyptian exports to African countries amounted to $1.611 billion, while imports stood at $506 million, according to a statement by the ministry.
The top five markets for exports to Africa were Libya, Sudan, Algeria, Morocco and Tunisia, with values of $317 million, $226 million, $217 million, $191 million, and $86 million, respectively, according to the chairman of the General Organisation for Export and Import Control, Essam El-Naggar.
Construction materials were Egypt’s main exports to African markets, with a value of $422 million, followed by chemicals and fertilisers at $358 million and foodstuffs at $242 million.
Other exports included electronic and engineering goods, ready-made garments, paper, packaging and upholstery; medical products; crops; textiles; handicrafts and furniture.
This aligns with Egypt’s goals to enhance trade relations with Africa and overcome any obstacles that may impede trade between countries due to the Ukrainian conflict.
Egypt is a signatory to several trade agreements among African countries, including the African Continental Free Trade Area and the Common Market for Eastern and Southern Africa.
