Egypt has great economic relations with the countries of the African Union, and the African market, for Egypt, is an important and promising market that is highly susceptible to the Egyptian industry. I wonder how much the volume of Egyptian exports to the European Union countries has reached… and Egypt is targeting how many trade exchanges with African countries.
Africa is one of the most important markets for Egyptian exports, and most of the exports that come out of Egypt are to African countries, especially since most African countries do not have economic progress due to very many factors, the most important of which is the lack of sound infrastructure through which these countries are able to build and operate factories, despite the availability of… Raw materials and natural resources in a large proportion of the countries of the African continent.
The technological and industrial backwardness that exists in most African countries has made them importing countries in the first place, and therefore all countries in the world seek to export to Africa, especially since most African countries have very many natural resources that they sell in their raw form to foreign countries and then import them again in the form of industries and goods to cover the needs of the local market. For their country.
Ok, what has Egypt done to export in a large proportion to the countries of the African continent?
For a long time, the Egyptian political leadership was aware of what was happening in the countries of the African continent, and that is why the Egyptian government was ahead of all the countries of the world by taking a very important step, namely the logistical centers that the government built in a large number of African countries, especially since the arrival of exports to African countries takes effort and a long period. It is very difficult for it to reach the consumer there, and this makes me imagine that a large percentage of exports are prohibited from countries like Egypt exporting them to the countries of the African continent, because they are highly perishable.
The logistics centers that Egypt built in most African countries have become very good storage centers for Egyptian exports in all African countries, and the various goods that countries need are available, which of course differ from one country to another, and the centers continue to have strategic export stocks available and will be on demand for importers there. Which made Egyptian exports to African countries record $9.2 billion during 2023 to the African Union countries, compared to $8.7 billion during 2022, an increase of 5.7%.
The report of the Central Agency for Public Mobilization and Statistics revealed the countries to which Egypt exported the most in the past period. The countries that are geographically close to Egypt came at the forefront of importing countries, the first of which is the country of Libya, which brought the rate of Egyptian exports there to 1.8 billion dollars, or 24.9% of Egypt’s total exports to the countries. Then came Sudan, whose export value reached 989 million dollars, and after them came Algeria, whose export value reached 859 million dollars, or 11.6% of Egypt’s total exports to African countries, and Morocco came in fourth place in the value of exports, reaching 829 million dollars, or 11.2% of the total. Egypt’s exports to African countries. Kenya came in fifth place with total exports reaching $327 million, or 4.4% of Egypt’s total exports to African countries.
