Egypt tops list of African states in service exports, comes 2nd in maritime routes: UNCTAD



Mon, 26 Dec 2022 - 07:08 GMT


Mon, 26 Dec 2022 - 07:08 GMT

CAIRO – 26 December 2022: Egypt has topped African countries regarding services exports in 2021 by around $20 billion, said a report by the United Nations Conference on Trade and Development (UNCTAD) in December.

According to the report, which was mentioned by the Cabinet’s Information and Decision Support Center (IDSC), Egypt has also come second in maritime routes in Africa in the third quarter (Q3) of 2022.

Egypt has achieved a huge growth in services exports by 45.5 percent year-on-year in 2021, said the report.

Morocco followed Egypt in services exports then Ghana, South Africa, and Ethiopia.

Egypt also came third on the list of the top five countries regarding goods exports in Africa in 2021 by around $40 billion, achieving growth by around 60 percent year-on-year.

In maritime routes, Egypt was preceded by Morocco and followed by South Africa then Ghana then Togo.

Earlier this month, Egypt has announced a plan to develop Egyptian commodity exports to African countries to reach $15 billion during the coming few years.

Egypt’s exports to Africa have increased by 25.4 percent during Q1 2022 compared to Q1 2021, the Cabinet said in a statement in mid-December.

According to Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt’s exports to the African Union countries have reached more than $5.4 billion in 2021 compared to around $3.9 billion in 2020.

Libya, Sudan, Morocco, Algeria, and Kenya received more than 60 percent of the Egyptian exports, according to CAPMAS.



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