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Trade Exchange bet. Egypt, Sudan reaches $320.5M in 7 months

Mon, Oct. 22, 2018
CAIRO - 22 October 2018: Trade exchange between Egypt and Sudan hit $320.48 million during the period from January to July 2018, according to the latest report of the state-owned statistic body.

The Central Agency for Public Mobilization and Statistics noted in its report that trade balance during the seven months came in favor of Egypt by $72.68 million.

The report clarified that Egypt’s exports to Sudan recorded $196.58 million, while imports reached $123.9 million.

Trade exchange between Egypt and Sudan represents 4 or 5 percent of the trade volume between Egypt and the world.

In January and February 2018, trade exchange between both states rose 18.9 percent, recording $104.1 million, compared to $84.4 million during the same months of 2017. February allocated $61.8 million of the total amount, compared to $43.7 million in February 2017.

Egypt’s exports to Sudan during the first two months of 2018 increased 3.3 percent to $70.6 million, compared to $73 million during the same months of the previous year, while the imports surged 193.8 percent to $33.5 million, up from $11.4 million.

From 2010 to 2016, trade exchange between both countries amounted to $3.86 billion, marking its highest value in 2010 at $629 million, and its lowest in 2012 at $473 million.

During these seven year, trade balance came in Egypt’s favor by $3.18 billion, hitting its highest value in 2010 at $545 million, and its lowest in 2014 at $280 million.

The main Egyptian exports to Sudan are food commodities, including meat and sesame; plastic and chemical products. Cotton is the most important item among Egypt’s imports from the Sudanese market.

Projects between Egypt and Sudan

There are several projects that are conducted between the two states including the electricity interconnection project, where Egypt will supply about 300 megawatts in Sudan over the next two months, adding 600 megawatts at a later stage, to finally reach 3,000 megawatts.

Egypt to have electricity interconnection with Sudan

CAIRO - 24 April 2018: Deputy Electricity Minister Osama Asran and First Undersecretary of the Ministry Mohammed Mossa Omran headed to Sudan on Monday to agree upon the terms of the electricity interconnection project between the two countries.





There are also the strategic projects for land reclamation, including 100,000 feddans in the state of Blue Nile, in addition to the Egyptian project for the production of meat in Sudan on an area of 40,000 feddans in the state of White Nile.

The Egyptian-Sudanese shipping company has a project linking between the ports of Aswan and Halfa, for the transport of goods, individuals and tourism.

On Thursday, Oct.25, President Abdel Fatah al-Sisi will visit Khartoum to attend the 24th summit with his Sudanese counterpart Omar al-Bashir to sign several agreements and memoranda.

 
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