Trade between Egypt and Zambia declined to $96 million in 2024, down from $183 million in 2023, according to data from Egypt's official statistics agency, CAPMAS on Monday. Egyptian Exports to Zambia Egypt's exports to Zambia nearly doubled, reaching $32 million in 2024 compared to $18 million in 2023. Leading exports included: * Pharmaceutical products – $14.7 million * Processed food products – $4.4 million * Sugar and confectionery – $3.3 million * Plastics and related products – $2.9 million Egypt's Imports from Zambia Egyptian imports from Zambia witnessed a sharp drop, falling to $64 million in 2024 from $165 million in 2023. Copper and its products dominated Egypt's imports, accounting for $62 million. Investment and Remittances Egyptian remittances from Zambia rose to $5 million in the 2023/2024 fiscal year, up from $3.9 million in 2022/2023. Meanwhile, Zambian remittances from Egypt declined to $1.2 million, down from $1.5 million. Zambian investments in Egypt surged to $327,000 in 2023/2024, a sharp rise from $54,000. Conversely, Egyptian investments in Zambia dropped significantly to $311,000, compared to $4.9 million in the previous year. As part of efforts to strengthen bilateral relations, President Abdel Fattah El-Sisi is meeting with Zambian President Hakainde Hichilema to discuss economic cooperation and regional developments. The CAPMAS report was released in conjunction with the official visit, highlighting the evolving trade dynamics between the two nations. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
