The Central Agency for Public Mobilization and Statistics (CAPMAS) reported that trade between Egypt and African Union (AU) countries reached $9.8bn in 2024, marking a 6.5% increase from $9.2bn in 2023.
The figures coincided with President Abdel Fattah Al-Sisi’s participation in the African Union’s 7th Mid-Year Coordination Summit. According to CAPMAS, Egypt’s exports to AU countries rose by 4.7%, reaching $7.7bn in 2024 compared to $7.4bn the previous year.
Libya remained the top importer of Egyptian goods within the AU, with imports valued at $2bn in 2024. It was followed by Morocco at $1bn, Algeria at $996m, Sudan at $866.2m, Tunisia at $372m, Kenya at $307m, Côte d’Ivoire at $251m, Ghana at $239m, Nigeria at $151m, and Madagascar at $132m.
Among Egypt’s main exports to AU countries in 2024 were cement, gypsum, and table salt worth $694.4m; plastics and plastic products worth $590.5m; milled products worth $397m; electrical machinery and equipment worth $357.8m; iron and steel worth $289.4m; and various stone and cement products worth $279.2m.
On the import side, Egypt imported goods worth $2.1bn from AU countries in 2024, up 14.5% from $1.8bn in 2023. The Democratic Republic of Congo led AU exporters to Egypt with $661.9m, followed by Sudan with $292.4m, Kenya with $260.1m, Nigeria with $165.5m, South Africa with $154.3m, Zambia with $64m, Libya with $56.4m, and Tunisia with $49.9m.
Top imports included copper and copper products valued at $741.5m; coffee and tea worth $286.6m; mineral fuels and oils at $203.7m; live animals at $147.6m; oil seeds and oleaginous fruits at $109.4m; cars and tractors at $85.3m; cotton at $80.9m; and iron and steel worth $73.6m.
CAPMAS also reported that remittances from Egyptians working in AU countries reached $115.8m in FY 2023/2024, down slightly from $122m the previous fiscal year. Nigeria topped the list with $9.3m, followed by Kenya with $9.2m, Morocco with $7.3m, Tanzania with $6.7m, Mauritius with $6.2m, South Africa with $5.8m, and Tunisia with $5.1m.
Conversely, remittances sent by workers from AU countries residing in Egypt amounted to $23.6m, compared to $28.8m in FY 2022/2023. South Africa led with $6m, followed by Nigeria with $2.9m, Morocco with $2.2m, Tunisia with $1.8m, Kenya with $1.2m, Congo with $1.19m, and Zambia with $1.16m.
Regarding investment, AU countries invested $831.2m in Egypt during FY 2023/2024, down from $1.6bn in FY 2022/2023. Meanwhile, Egyptian investments in AU countries reached $499.1m, a slight decrease from $504.6m in the previous year.
