Egypt’s total exports to international blocs reached $42 billion in 2023, marking a 5.1 percent rise compared to $39.9 billion in 2022. The latest data from Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) reveals that the total value of Egypt’s imports from international blocs declined 22 percent in 2023 to $37.5 billion.
International blocs that include Egypt
The international blocs that include Egypt are the ESCWA Community, Coast and Desert, COMESA Community, Group of Fifteen, Arab Free Trade Area, and the Developing Eight Islamic Countries Group.
Egypt’s exports to the Arab Free Trade Area rose 9.4 percent to $13.3 billion in 2023, making it the country’s top export destination. Following closely came the ESCWA gathering with a 9.8 percent rise in exports to $10.9 billion. COMESA Group came in last place with a 17.4 percent rise in export value to $4.2 billion in 2023.
Meanwhile, Egypt’s imports from the Arab Free Trade Area declined 27 percent to $12.4 billion, ranking first as the top import destination for Egypt. Then came the Group of Fifteen with a 17.1 percent decline in imports to $10.3 billion. Finally, the Coast and Desert Group Community ranked last with a 19.7 percent decline in imports to $$918.0 million.
Read: Egypt’s shipping, logistics market to reach $14.56 billion in 2024, $18 billion by 2029
International blocs that exclude Egypt
The total value of Egypt’s exports to the European Union Association, NAFTA Association, EFTA Association, ASEAN Association, and Mercosur Association declined by 28.7 percent to $17.4 billion in 2023. Meanwhile, the total value of Egypt’s imports from the blocs declined 12.9 percent to $36.6 billion.
Egypt’s exports from the European Union Association came in the first rank despite declining by 31.3 percent to $13.1 billion. Then came the NAFTA Association with a 24 percent decline in export value to $2.5 billion. The EFTA Association ranked last with a 197.7 percent surge in export value to $482.1 million in 2023.
As for Egypt’s imports, the European Union Association ranked first with an 8.1 percent decline in import value to $21.2 billion in 2023 followed by the NAFTA Association with a 19.9 percent decline to $6.0 billion. Finally, the EFTA Association ranked last with a 6.6 percent decline in import value to $1.25 billion in 2023.
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