In the whole of 2020, Egypt-COMESA trade recorded $3 billion, representing 60% of total trade transactions between Egypt and the African countries
Trade exchange between Egypt and the Common Market for Eastern and Southern Africa (COMESA) jumped by 30.2% year-on-year, hitting $3.1 billion in the first 9 months of 2021, up from $2.4 billion according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
In the whole of 2020, Egypt-COMESA trade recorded $3 billion, representing 60% of total trade transactions between Egypt and the African countries which was estimated to be a total of $5 billion.
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Exports from Egypt to COMESEA countries amounted to $2.3 billion in the January-September period of 2021, a 32.4% climb y-o-y from previously recorded $1.7 billion.
Sudan was the top COMESEA exporters with $258 million, followed by Zambia with $251 million, Kenya with $173 million, and Libya with $68 million.
Egyptian imports from COMESA went up 25% to hit $901 million in the same period, according to the latest data by CAPMAS.
Leading COMESEA importers were Libya with $711 million, followed by Sudan with $588 million, Kenya with $284 million, and Tunisia with $202 million.
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Egypt’s President El Sisi took over chairmanship of the COMESEA earlier today.
Madagascar President Andry Rajoelina hands over@comesa_lusaka chairmanship to Egyptian president El Sisi #EgyptToday #Egypt #COMESA #COMESASummit21 #Africa pic.twitter.com/tKbnhHkkZO
— Business Today Egypt (@BTEgypt_Mag) November 23, 2021
Trade between Egypt and countries in the Nile Basin grew by 26.3% during the first 9 months of 2021 year-on-year (YoY), with exports up by 33.7%. Nile Basin countries include Sudan, South Sudan, Eritrea, Ethiopia, Kenya, the Democratic Republic of the Congo, Burundi, Rwanda, Uganda, and Tanzania.
