Egypt’s Trade with COMESA Hits $2.3Bln in 2018

Egypt’s trade ministry announced that the trade exchange between Egypt and the Common Market for Eastern and Southern Africa (COMESA) reached $2.31 billion in 2018, compared to $1.64 billion the year before.

Egyptian exports to COMESA surged 34.5% year-on-year to $1.52 billion last year.

Egypt’s imports from the free trade area soared 56.8% to $792 million in 2018 versus $505 million a year earlier.

The announcement came as Minister of Trade and Industry Amr Nassar, on behalf of President Abdel Fattah El Sisi, led Egypt's delegation to the Source 21 COMESA International Trade Fair and the third Kenya Week.

The event which kicked off Wednesday and schedule to conclude tomoorw, is being attended by presidents of Kenya and Mauritius as well as the representatives of COMESA 21 member states and about 200 exhibitors.