{"id":473204,"date":"2021-08-04T12:58:17","date_gmt":"2021-08-04T12:58:17","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=473204"},"modified":"2021-08-04T12:58:17","modified_gmt":"2021-08-04T12:58:17","slug":"trade-between-egypt-and-nigeria-reaches-181-million-in-2020","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/08\/04\/trade-between-egypt-and-nigeria-reaches-181-million-in-2020\/","title":{"rendered":"Trade between Egypt and Nigeria reaches $ 181 million in 2020"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Trade between Egypt and Nigeria experienced remarkable growth during the year 2020. This significant growth translated into a total of $ 181 million, including 1 million imports from Nigeria to Egypt, an increase of 45%.<\/p>\n<p>According to the head of Nigeria&#8217;s trade office, Amr Tantawy, in a statement made Tuesday at a seminar on &#8220;Opportunities for Developing Egyptian Furniture Exports to Nigeria&#8221;, there is a boom in most items of goods. Egyptian exports to Nigeria, to save about $ 180 million.<\/p>\n<p>\u201cNigeria has a local furniture industry which covers between 50-60% of the market needs, but there is still an opportunity to export with competition from China, noting that the size of the domestic furniture product is around $ 442 million, \u201dnotes Tantawy. He also points out that there is an opportunity to get acquainted with the Nigerian market in the coming period, at the Lagos exhibition to be held from November 5 to 14, in which Egypt is expected to participate.<\/p>\n<p>The most common import partners for Egypt are China ($ 12.5 billion), Russia ($ 5.46 billion), the United States ($ 5.06 billion), Saudi Arabia ($ 5.05 billion) and Germany ($ 4.05 billion).<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Trade between Egypt and Nigeria experienced remarkable growth during the year 2020. This significant growth translated into a total of $ 181 million, including 1 million imports from Nigeria to Egypt, an increase of 45%. According to the head of Nigeria&#8217;s trade office, Amr Tantawy, in a statement made Tuesday at a seminar on &#8220;Opportunities<\/p>\n","protected":false},"author":527297,"featured_media":473205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12046],"tags":[19568,19567,38,18665],"class_list":["post-473204","post","type-post","status-publish","format-aside","has-post-thumbnail","category-leaders-en","tag-181-million-in-2020","tag-between-egypt","tag-nigeria","tag-trade","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trade between Egypt and Nigeria reaches $ 181 million in 2020 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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