Egypt's Cabinet reveals top African importing markets in Q1 of 2023

CAIRO – 7 January 2024: The Cabinet's Information and Decision Support Center (IDSC) issued a report Sunday revealing the top African markets that imported from Egypt in the first quarter of 2023.

Those are Libya ($317 million), Sudan ($226 million), Algeria ($217 million), Morocco ($191 million), and Tunisia ($86 million). The total size of trade exchange between Egypt and other African countries recorded during that period $2.117 billion, divided into $1.611 billion in good exports, and $506 million in imports.

Egypt’s exports declined 22 percent during the first nine months of 2023, recording $30.8 billion, compared to $39.4 billion during the same period of 2022, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS). 

CAPMAS added that the country’s imports decreased by 21 percent on a yearly basis, totaling $58.5 billion, compared to $74 billion for the same period in 2022.