Intra-EAC trade hits the US$10 billion mark as EAC readies to send out Verification Mission Team to assess Somalia’s readiness to join the bloc

January 27, 2023 AELEX Admin 0 Comments

Intra-regional trade within the East African Community (EAC) is on an upward trajectory, standing at US$10.17 billion in September 2022. The intra-EAC trade, accounting for imports and exports in the 7 EAC Partner States, grew from 13% in 2019 at a value of $ 7.1 billion to 15 % in 2021 at a value of $9.5 billion. By September 2022, the EAC trade value was recorded at $10.17 billion representing a 20% share of Intra-trade to global trade.

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