The trade of the 25 member states in the three African blocs – the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and the Southern African Development Community (SADC) – amounted to $266 billion, reports Egypt-based Al Dostor, citing a senior official.
Ali Laithi, head of the Egyptian Commercial Representation office, says Egypt’s exports to the 25 countries amounted to $2.7bn during 2013, compared with $3.1bn during 2012.
Egyptian imports from these countries amounted to approximately $810 million during 2013, compared with $1bn in 2012. The most important countries that Egypt exports to, include Libya, Sudan, Kenya and South Africa, he adds.
Laithi says that the exports of the 25 countries are concentrated in fuel products, electrical appliances, iron and steel, fertilisers and ships.
The most important destinations for the African exports are China, America, Japan, India and Italy, he reports.
The total imports of the 25 states amounted to about $272bn, concentrated in machinery, equipment, vehicles and electrical appliances, with China, Germany, Italy, Turkey and the United States being the most important supplier countries, he says.
The Egyptian official says that South Africa comes in first place in terms of trade volume, with exports amounting to $90bn in 2013, which increased to $95bn in 2014, while the volume of South African imports reached $103bn in 2013 and dropped to $100bn in 2014.
Mounir Fakhry Abdel Nour, the Egyptian trade and industry minister, says that his country seeks to increase its exports to the African market to $5bn over the next three years.