389324

An economic study to evaluate the rates of trade exchange between Egypt and COMESA countries in light of recent economic changes

Article

Last updated: 25 Feb 2025

Subjects

-

Tags

Administrative Law

Abstract

Abstract :
 COMESA membership includes 21 countries, which are (7): Egypt, Ethiopia, Eritrea, Sudan, Congo, Uganda, Burundi, Comoros, Djibouti, Rwanda, Zambia, Zimbabwe, Swaziland, Seychelles, Kenya, Libya, Malawi, Madagascar, Mauritius, Tunisia. Many Nile Basin countries are also members of COMESA, as the Nile Basin countries include 10 countries: Egypt, Eritrea, Uganda, Ethiopia, Sudan, Congo, Burundi, Tanzania, Rwanda, and Kenya. Kenya ranks first in Egypt's exports to COMESA countries. As for imports, Libya, Zambia, and Kenya came in the first three places, respectively. The average total value of Egypt's exports to COMESA amounted to about EGP 68.7 billion, contributing about 53% of Egypt's average total exports amounting to about EGP 130 billion. Egypt's average total imports from COMESA amounted to about EGP 3.88 billion, contributing about 62.1% of Egypt's average total imports amounting to about EGP 6.247 billion. Thus, it is clear that Egypt has a deficit in the general trade balance estimated at about 6.117 billion pounds, while it has a positive trade balance with COMESA estimated at about 68.3 billion pounds for the average period mentioned. It is worth noting that Egypt's exports to COMESA are represented in: aluminum products, medicines, paper, petroleum and chemical products, carpets, ceramics, food products, furniture, fertilizers and pesticides, cement and reinforcing steel, rice, fruits, vegetables, and textiles. Egypt also imports from COMESA: tea, coffee, cocoa, legumes, tobacco, sesame, raw hides, tanning materials, plant and aromatic extracts, and live camels. Egypt's exports to COMESA are relatively diverse compared to its imports, with medicines and rice topping the list of exports, and black tea and sesame seeds on the list of imports.

DOI

10.21608/ijarlg.2024.296535.1082

Keywords

COMESA, Nile Basin countries, Common market, Trade exchange

Authors

First Name

Mohamed

Last Name

Omran Ahmed

MiddleName

-

Affiliation

Master Researcher / Institute of African Research and Studies, Aswan University

Email

mo111@gmail.com

City

-

Orcid

-

First Name

Mohamed

Last Name

Younis Abdel Halim

MiddleName

-

Affiliation

Professor of Economics Dean of the Faculty of Commerce for Boys, Al-Azhar University

Email

mo1111@gmail.com

City

-

Orcid

-

First Name

Karima

Last Name

Mohamed Al-Sagheer

MiddleName

-

Affiliation

Lecturer of Economics at the Institute of African Research and Studies and Nile Basin Countries - Aswan University

Email

ka111@gmail.com

City

-

Orcid

-

Volume

6

Article Issue

2

Related Issue

53805

Issue Date

2024-12-01

Receive Date

2024-06-09

Publish Date

2024-12-01

Page Start

38

Page End

48

Print ISSN

2735-5411

Online ISSN

2735-542X

Link

https://ijarlg.journals.ekb.eg/article_389324.html

Detail API

http://journals.ekb.eg?_action=service&article_code=389324

Order

389,324

Type

Original Article

Type Code

2,012

Publication Type

Journal

Publication Title

International Journal of Advanced Research on Law and Governance

Publication Link

https://ijarlg.journals.ekb.eg/

MainTitle

An economic study to evaluate the rates of trade exchange between Egypt and COMESA countries in light of recent economic changes

Details

Type

Article

Created At

15 Feb 2025