7.6% increase in Egypt’s trade exchange with African Union during 2024

Egypt’s trade exchange with African Union countries recorded a strong increase last year, rising to $9.9 billion compared to $9.2 billion in 2023, reflecting an annual growth rate of 7.6%, according to new data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).

Egyptian exports to African Union countries grew by 5.4% in 2024, reaching $7.8 billion compared to $7.4 billion in the previous year.

The majority of these exports were concentrated in five main markets, which together accounted for 69.1% of Egypt’s total exports to the continent.

Libya led the list with $2 billion worth of imports from Egypt, followed by Morocco at $1.1 billion, Algeria at around $1 billion, Sudan at $884 million, and Tunisia at $369 million.

 In terms of product categories, cement of various types and salt formed the top export group with $700 million, followed by plastics and plastic articles valued at $593 million, while milled products such as flour and starch recorded export levels of $410 million.

 Egypt’s purchases from African Union countries rose significantly by 16.7% during 2024, reaching $2.1 billion compared to $1.8 billion in 2023.

Five countries dominated Egypt’s import sources from the continent, representing 80.7% of total African imports.

 The Democratic Republic of the Congo ranked first with $662 million in exports to Egypt, followed by Sudan with $293 million, Kenya with $260 million, Nigeria with $165 million, and South Africa with $158 million.

Copper and copper products were the most imported commodities, totaling $742 million, while imports of coffee, tea, and spices reached $287 million.

 Fuel and mineral oils followed with $204 million, and imports of live animals amounted to $148 million.