An increase in the volume of trade exchange between Egypt and Algeria and an increase in Egyptian exports in 2021

An increase in the volume of trade exchange between Egypt and Algeria and an increase in Egyptian exports in 2021
An increase in the volume of trade exchange between Egypt and Algeria and an increase in Egyptian exports in 2021

Egypt achieved an increase in its non-oil exports to Algeria by 10% during the first half of 2021 compared to the same period last year, despite the negative impact of the Corona pandemic on the Algerian economy, and the strategy that Algeria is currently adopting to limit imports in light of the decline in its cash reserves.

The report, prepared by the Commercial Representation Office of the Egyptian Embassy in Algeria, and obtained by the Middle East News Agency, in light of the latest statistics issued by the General Directorate of Algerian Customs, revealed that the volume of trade exchange between Egypt and Algeria increased by +15.4% to reach a value of 392.7 million dollars. The rate of exports coverage of imports increased to +420.8%.

The report indicated that Egyptian exports increased by +19.4% to reach $317.7 million, compared to $265.7 million during the same period last year. In contrast, Egyptian imports from Algeria increased by +1.1%, reaching $75.4 million, after they were 74.6 million. One million dollars, making Egypt the 15th most important exporting country to Algeria, and the 24th most important importing country.

The report pointed out that the most important items of Egyptian exports to Algeria during the first half of this year were food preparations for oncology patients at a value of 49 million dollars, soy oil 39 million dollars, and copper wires 22 million dollars, and these exports represented more than 50% of the total Egyptian exports. In that period, some new products exported to Algeria appeared, including animal feed, cardboard, dextrin and other types of starch.

On the other hand, the report stated that liquid gas of all kinds is considered one of the most important Algerian imports to Egypt, as those imports amounted to about 71.5 million dollars, or 95% of the total imports as a whole during that period.

It is noteworthy that the Egyptian Embassy in Algeria, through its commercial office, informs all Egyptian authorities concerned of the export opportunities available in Algeria, as well as responds to inquiries from Egyptian exporting companies, and provides them with data, studies and various economic and commercial reports that help them increase and access their exports to the Algerian market. To increase joint cooperation between businessmen’s groupings in the two countries.

 
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