Egypt's Exports to Africa Reach $7.7 Billion: CAPMAS
Taarek Refaat
The value of Egyptian exports to African Union countries reached $7.7 billion in 2024, compared to $7.4 year-on-year, a 4.7% increase, according to a report by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egypt and the African continent celebrate the 60th edition of Africa Day on May 25th, which marks the anniversary of the founding of the Organization of African Unity (OAU), later known as the African Union. This partnership includes 55 member states with the aim of promoting social, cultural, political, and economic cooperation on the continent.
Top African Importers from Egypt in 2024
Libya topped the list of African Union countries importing the most from Egypt in 2024, with Egyptian exports to the country reaching $2 billion. It was followed by Morocco with $1 billion, Algeria with $996 million, Sudan with $866.2 million, Tunisia with $372 million, Kenya with $307 million, Côte d'Ivoire with $251 million, Ghana with $239 million, Nigeria with $151 million, and Madagascar with $132 million.
The most important Egyptian goods exported to African Union countries in 2024
The report indicated that the most prominent of these goods were: cement, gypsum, and table salt, valued at $694.4 million; plastics and their products, valued at $590.5 million; mill products, valued at $397 million;
machinery and electrical appliances, valued at $357.8 million; iron and steel, valued at $289.4 million; and various stone and cement products, valued at $279.2 million.
The value of Egyptian imports from African Union countries reached $2.1 billion in 2024, compared to $1.8 billion in 2023, a 14.5% increase.
List of the African Union's top exporting countries to Egypt in 2024
The Democratic Republic of the Congo topped the list of African Union countries exporting to Egypt in 2024, with imports from the country reaching $661.9 million. This was followed by Sudan at $292.4 million, Kenya at $260.1 million, Nigeria at $165.5 million, South Africa at $154.3 million, Zambia at $64 million, Libya at $56.4 million, and Tunisia at $49.9 million.
The most important commodity groups imported from African Union countries in 2024
The report stated that the most prominent of these imported goods from Africa are: copper and its products worth $741.5 million, coffee and tea worth $286.6 million, fuels and mineral oils worth $203.7 million, live animals worth $147.6 million, grains and oil fruits worth $109.4 million, cars and tractors worth $85.3 million, cotton worth $80.9 million, and iron and steel worth $73.6 million.
The agency's data also showed an increase in the volume of trade exchange between Egypt and African Union countries, reaching $9.8 billion in 2024 compared to $9.2 billion in 2023, a 6.5% increase.
Data from the agency revealed that the value of remittances from Egyptians working in African Union countries reached $115.8 million during the 2023/24 fiscal year, compared to $122 million in 2022/23.
Nigeria topped the list of African Union countries with the highest value of Egyptian remittances during the 2023/24 fiscal year, with remittances amounting to $9.3 million. This was followed by Kenya ($9.2 million), Morocco ($7.3 million), Tanzania ($6.7 million), Mauritius ($6.2 million), South Africa ($5.8 million), and Tunisia ($5.1 million).
Remittances from African Union countries in Egypt reached $23.6 million during the 2023/2024 fiscal year, compared to $28.8 million during the 2022/2023 fiscal year.
South Africa ranked first in the value of remittances from African workers in Egypt, with remittances from its workers in Egypt amounting to $6 million, followed by Nigeria with $2.9 million, Morocco with $2.2 million, Tunisia with $1.8 million, Kenya with $1.2 million, Congo with $1.19 million, and Zambia with $1.16 million.
The value of African Union (AU) countries' investments in Egypt reached $831.2 million during the 2023/24 fiscal year, compared to $1.6 billion during the 2022/23 fiscal year.
The value of Egyptian investments in African Union countries reached $499.1 million during the 2023/24 fiscal year, compared to $504.6 million during the 2022/23 fiscal year.
According to the mission's estimates, the number of Egyptians residing in African Union countries reached 59,100 by the end of 2023.
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