Egypt-Algeria trade volume doubles in 2023

Updated 5/7/2024 7:52:00 AM
Egypt-Algeria trade volume doubles in 2023

Arab Finance: Trade exchange between Egypt and Algeria doubled in 2023 as compared to 2022, surpassing $1 billion, Head of the Commercial Office at the Egyptian Embassy in Algeria Yasser Qorani told Asharq Business.

Qorani pointed out that both countries target achieving $5 billion in trade volume over the upcoming years.

He added that most of the Egyptian exports to Algeria are semi-finished products, raw materials, food products, and pharmaceutical materials.

On the other hand, Egypt imports butane gas, materials for car tires, and some iron products from Algeria, Qorani noted.

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