Trade exchange bet. Egypt, Sudan reaches $648 in 9 months

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Tue, 04 Feb 2020 - 10:59 GMT

Container boxes are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China September 24, 2016. REUTERS/Aly Song

Container boxes are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China September 24, 2016. REUTERS/Aly Song

CAIRO - 4 February 2020: Trade Exchange between Egypt and Sudan recorded $648 million during the first nine months of 2019, marking an increase of 6 percent on a year-on-year basis, a report issued by Trade and Industry Ministry showed.

The Egyptian Commercial Representative office in Khartoum said that Egypt’s exports to Sudan hiked 15 percent during January-September period of 2019, to hit $328 million.

It pointed to the success of the efforts made in starting negotiations to conclude export contracts between a number of Sudanese and Egyptian companies participating in the 37th session of the Khartoum International Fair during the period from 20-27 January 2020.

The fair witnessed a participation of an Egyptian delegation of companies from the chemicals, detergents, medicines, electrical appliances, cables and cigarette sectors in the presence of 600 companies from 25 Arab and foreign countries in various fields.

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.

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