According to a new report by the Central Agency for Public Mobilization and Statistics (CAPMAS), the Greater Arab Free Trade Area (GAFTA) received the majority of Egyptian exports
Egypt’s 2020 exports were recently valued at $28.0 billion, a notable 6.4 percent less than the $30.0 billion recorded in 2019.
According to a new report by the Central Agency for Public Mobilization and Statistics (CAPMAS), the Greater Arab Free Trade Area (GAFTA) received the majority of Egyptian exports, valued at $9.8 billion, a 3.5 percent decrease compared to 2019’s $10.1 billion.
The COMESA region imported the least, with a total value of exports amounting to $2.0 billion in 2020, compared to $2.2 billion in 2021, reflecting a decrease of 8.2 percent.
Egypt’s exported goods travelled to numerous locations including the United Nations Economic and Social Commission for Western Asia (ESCWA), the Community of Sahel-Saharan States (CEN-SAD), the Common Market for Eastern and Southern Africa (COMESA), and the D-8 Organization for Economic Cooperation (Developing-8).
ESCWA was the second largest importer, with exports valued at $8 billion, a 4.1 percent decrease on 2019’s $8.4 billion.
CAPMAS added that the total value of Egypt’s exports to international groups that do not include Egypt, decreased by 20.7 percent to $10.5 billion in 2020, compared to $13.3 billion in 2019.
These areas are namely: the European Union (EU); the European Free Trade Association (EFTA); the North American Free Trade Association (NAFTA); ASEAN; and MERCOSUR.
Egypt’s exports to the EU ranked in the first place, reaching $7.2 billion in 2020 compared to $9.5 billion in 2019, reflecting a decrease of 23.9 percent.
NAFTA came second, with a total value of exports amounted to $2.3 billion, a decrease of 21.6 percent, compared to $3.0 billion, in the same time period.
The EFTA ranked last, as the total value of exports amounted to $150.2m in 2020, compared to $37.6m in 2019, an increase of 299.5 percent.
According to the agency, the total value of Egypt’s imports from those groups amounted to $29.6 billion in 2020, compared to $34.2 billion in 2019, a decrease of 13.3 percent.
Egypt’s imports from GAFTA ranked first, with a value of $9.3 billion in 2020 compared to $11.2 billion in 2019, a decrease of 17.4 percent. This was followed by the G-15, where the total value of imports reached $8.3 billion in 2020, compared to $93 billion in 2019.
With a decrease of 10.7 percent, the CEN-SAD area came in last place, as the total value of imports amounted to $0.8 billion, compared to $0.9 billion, a decrease of 15.3 percent.
The total value of Egypt’s imports from these gatherings amounted to $33.1 billion in 2020, compared to $35.4 billion in 2019, a decrease of 6.7 percent.
Egypt’s imports from the EU in first place, reaching $19.2 billion in 2020 compared to $20.9 billion in 2019, a decrease of 8.0 percent.
This was followed by NAFTA, where the total value of imports amounted to $5.4 billion, compared to $5.5 billion, a decrease of 2.2 percent.
EFTA once again ranked last, with total value of imports amounted to $1.3 billion, compared to $1.2 billion, an increase of 13.8 percent.
