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Egypt-Algeria bilateral trade expands by 14% in Q1

Egypt-Algeria bilateral trade expands by 14% in Q1
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Cairo – Mubasher: A recent report by the Egyptian Commercial Service showed that 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.