Egypt-Algeria bilateral trade expands by 14% in Q1

June 14, 2021 user

Egyptian exports to Algeria grew by 10% year-on-year to $174.3mln in Q1-21

Egypt-Algeria bilateral trade expands by 14% in Q1

Cairo –  A recent report by the Egyptian Commercial Service showed that bilateral trade exchange between Egypt and Algeria rose by 14% during the first quarter (Q1) of 2021, the Middle East News Agency (MENA) reported.

The report showed that bilateral trade between the two countries from January to March reached $215 million, compared with $188.6 million in the same period last year.

Egyptian exports to Algeria grew by 10% year-on-year (YoY) to $174.3 million in Q1-21, up from $159.3 million in the same corresponding period of 2020.

The Egyptian imports from Algeria also increased by 39% to $40 million, compared with $29.3 million in Q1-20.

Egypt ranked 14th among exporters to the Algerian market and 23rd in the list of importers from Algeria.

Leave a Reply

Your email address will not be published. Required fields are marked *

Close Bitnami banner
Bitnami