Egypt-Djibouti trade exchange sees 15.7% YoY growth in 2021

Reuters

The value of trade exchange between the two African countries recorded $95 million last year, versus $82.1 million in 2020

Staff Writer, Arab Finance

August 3, 2022

PHOTO

Trade exchange between Egypt and Djibouti grew by 15.7% year-on-year (YoY) in 2021, Minister of Trade and Industry Nevine Gamea said in a statement on August 2nd.

The value of trade exchange between the two African countries recorded $95 million last year, versus $82.1 million in 2020, Gamea highlighted.

Moreover, the value of Egyptian exports to Djibouti stood at $88.3 million, while Egyptian imports recorded $6.7 million, she added.

On a different note, the minister stressed the importance of the memorandum of understanding (MoU) signed between both countries in 2016 for developing bilateral trade relations.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO