The volume of trade exchange between Egypt and the member states of the Common Market for Eastern and Southern Africa (COMESA) recorded 2.952 billion in 2018 compared with 2.4 billion in 2020, with an increase of 32.2 percent, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
The Information and Decision Support Center of the Egyptian Cabinet released on Tuesday a study on the trade relations between Egypt and the COMESA community, whose membership comprises 21 African countries.
Egypt’s imports from the COMESA states in 2021 hit dlrs 2.3 billion, compared to dlrs 2.4 million in 2020, with an increase of 32.4% percent, the report revealed.
While, Egypt’s exports from the COMESA states in 2021 hit dlrs 901 billion, compared to dlrs 721 million in 2020, with an increase of 25% percent, the report revealed.
The center said that COMESA is among the most important trading partner for Egypt within the African continent.
Also, the center said that Egypt had a trade surplus of $1.4bn from its business relations with the COMESA countries during 2020.
It’s worth mentioning that the Egyptian Government sees COMESA as a promising market with geopolitical and geo-economic importance.