30.2% increase in the value of trade exchange between Egypt and the COMESA countries

10:30 AM

Tuesday 23 November 2021

I wrote – Yasmine Selim:

Data from the Central Agency for Public Mobilization and Statistics showed today, Tuesday, an increase in the value of trade exchange between Egypt and the COMESA countries by 30.2%, to record $3.1 billion during the first 9 months of 2021, compared to $2.4 billion during the same period in 2020.
Today, Tuesday, the COMESA countries will hold their annual conference in the new administrative capital, which is chaired by Egypt.
According to a statement from the agency, the value of Egyptian exports to COMESA countries increased by 32.4 percent to $2.3 billion during the first 9 months, compared to the same period last year.

The value of Egyptian imports from the COMESA countries recorded 901 million dollars during the first nine months of this year, compared to 721 million dollars during the same period last year, an increase of 25%.

Libya came on top of the list of the top five COMESA countries importing from Egypt during the first 9 months of 2021, and the value of Egypt’s exports to it amounted to 711 million dollars, and Sudan came in second place with 588 million dollars, then Kenya with 284 million dollars, then Tunisia 202 million dollars, and finally Ethiopia, with a value of 80 million dollars.

Plastics and their products came at the top of the list of the most important commodities exported by Egypt to the COMESA countries during this period. Its exports amounted to $236 million, followed by salt, sulfur, stones and cement, with a value of $136 million, and then fuel, mineral oils and their distillation products, with a value of $136 million.
Sudan ranked first in the list of the top five COMESA countries exporting to Egypt during the first 9 months of the year; Egypt’s imports amounted to 258 million dollars, Zambia came in second place with 251 million dollars, then Kenya with 173 million dollars, then Libya with 68 million dollars, and finally Tunisia with 56 million dollars.
Copper and its products came on top of the list of the most important commodities that Egypt imported from the COMESA countries during the first 9 months of 2021; Its imports amounted to $297 million, followed by coffee, tea, mate, spices and seeds, with a value of $159 million, and live animals $147 million.

The COMESA in its membership includes countries (Egypt / Libya / Sudan / Kenya / Uganda / Djibouti / Ethiopia / Rwanda / Tunisia / Somalia / Seychelles / Burundi / Congo / Comoros / Malawi / Mauritius / Zimbabwe / Zambia / Madagascar / Eritrea / Swaziland). .

Reference-www.masrawy.com

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