Egypt’s exports to AU member states reached $7.7 billion in 2024, marking a 4.7% increase from $7.4 billion in 2023, according to a statement released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
The total volume of trade between Egypt and African Union (AU) countries grew to $9.8 billion in 2024, up from $9.2 billion in 2023, representing a 6.5% increase, according to a statement released by the Central Agency for Public Mobilization and Statistics (CAPMAS)
Egypt’s exports to AU member states reached $7.7 billion in 2024, marking a 4.7% increase from $7.4 billion in 2023, according to a statement released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
CAPMAS reported that Libya was the top African importer of Egyptian products in 2024, with Egyptian exports reaching $2 billion, followed by Morocco with $1 billion, and Algeria with $996 million.
Sudan ranked fourth with $866.2 million, followed by Tunisia ($372 million), Kenya ($307 million), Côte d’Ivoire ($251 million), Ghana ($239 million), Nigeria ($151 million), and Madagascar ($132 million).
On the other side, Egypt’s imports from African Union countries amounted to $2.1 billion in 2024, compared to $1.8 billion in 2023, reflecting a 14.5% growth.
The Democratic Republic of the Congo was Egypt’s top African supplier, with imports totaling $661.9 million, followed by Sudan ($292.4 million), Kenya ($260.1 million), Nigeria ($165.5 million), and South Africa ($154.3 million). Other notable exporters to Egypt included Zambia ($64 million), Libya ($56.4 million), and Tunisia ($49.9 million).
Regarding investment flows, AU countries invested $831.2 million in Egypt during the 2023/2024 fiscal year, a sharp decline from $1.6 billion in 2022/2023.
Egyptian investments in AU countries also saw a slight dip, recording $499.1 million, compared to $504.6 million the previous year. Lastly, the number of Egyptians residing in AU countries was estimated at 59,100 people by the end of 2023, based on embassy estimates.
This announcement coincides with President Abdel Fattah El-Sisi’s visit to Malabo, the capital of Equatorial Guinea, to attend the 7th Mid-Year Coordination Summit of the African Union.
President El-Sisi is participating in his capacity as the Chair of the North Africa Regional Mechanism and the NEPAD Heads of State and Government Orientation Committee.
During the summit, he is expected to highlight Egypt’s ongoing efforts to enhance the performance of both mechanisms in ways that strengthen peace, security, and their alignment with development and stability goals across the African continent.
