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Libya Tops List of African Importers of Egyptian Goods in 2023

November 21, 2024
Libya Tops List of African Importers of Egyptian Goods in 2023

Libya Tops List of African Importers of Egyptian Goods in 2023

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Libya has become the largest African importer of Egyptian goods in 2023, with imports valued at $1.8 billion, accounting for 24.9% of Egypt’s total exports to Africa.

According to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS), Libya’s imports primarily included cement, various types of plastics and their derivatives, as well as milling products.

These goods reflect the growing demand in Libya for construction materials and industrial products, driven by the country’s ongoing reconstruction efforts following years of conflict and instability.

Libya’s economic recovery, fueled by major rebuilding and infrastructure projects, has strengthened its trade ties with Egypt.

As a geographically close neighbor and key partner, Egypt has been able to leverage its industrial capacity to meet Libya’s increasing demand for essential goods.

Construction materials like cement and plastics, in particular, have been critical to Libya’s rebuilding efforts, which aim to repair war-torn infrastructure and expand housing developments.

The historical and economic ties between the two nations have been further enhanced by improved transportation links and cross-border trade networks, which have streamlined the movement of goods.

Egyptian businesses, especially in the private sector, are playing a major role in Libya’s rebuilding efforts. Many Egyptian companies are actively involved in construction projects, infrastructure development, and the supply of building materials, further solidifying Egypt’s position as a primary trade partner for Libya.

Egypt’s trade relationship with Libya is also a reflection of its broader strategy to deepen economic ties across Africa. As a leading exporter in the region,

Tags: AfricaCAPMASEgyptImportslibyaTrade
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