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    The $1 billion gamble that transformed Ahmed Abou Hashima into an Egyptian business heavyweight

    The $1 billion gamble that transformed Ahmed Abou Hashima into an Egyptian business heavyweight

    After securing $260 million in 2025, Madagascar billionaire lands another €170 million for telecom growth

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Home News Business Africa

EAC records $46.3 billion in trade, driven by export growth

Editorial Team by Editorial Team
June 11, 2026
in Africa, Business
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EAC records $46.3 billion in trade, driven by export growth
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Alice Umutesi

Trade across the East African Community (EAC) increased in the first quarter of 2026, with total trade rising by 30.7 per cent to $46.3 billion, compared to the same period last year.

According to the EAC Quarterly Statistics Bulletin for January to March, released on June 10, the growth was driven by strong export performance, continued recovery in regional economic activity, and rising demand in international markets.

ALSO READ: EAC ministers urge new measures to boost trade

Export earnings increased by 33.3 per cent, rising from $18.0 billion in the first quarter of 2025 to $24.0 billion in 2026. Imports also grew by 28.1 per cent from $17.4 billion to $22.4 billion.

“As export earnings grew at a faster pace than imports, the region’s trade balance improved significantly, resulting in a trade surplus of $1.6 billion in the first quarter of 2026 compared to a surplus of $0.6 billion recorded in the same period in 2025,” the report says.

Africa remained the EAC’s largest trading partner, accounting for 24.1 per cent of total EAC trade with the world. Trade between the regional bloc and African countries increased by 17.8 per cent, rising from $9.5 billion to $11.2 billion.

Within the continent, trade with the Southern African Development Community (SADC) grew by 17.4 per cent to $7.0 billion. However, trade with the Common Market for Eastern and Southern Africa (COMESA) declined by 4.7 per cent to $4.3 billion.

Intra-EAC trade also fell by 10.4 per cent to $4.7 billion, reducing its share of total EAC trade with the world from 14.9 per cent in 2025 to 10.2 per cent in 2026.

ALSO READ: Addressing non-tariff barriers key to accelerating intra-EAC trade – experts

Beyond Africa, the report notes that trade with other global blocs remained strong, with the Association of Southeast Asian Nations (ASEAN) and the European Union recording positive growth during the period.

Mineral commodities remained the backbone of the region’s exports. Copper accounted for 44.8 per cent of total exports during the quarter, while exports of precious metals and stones rose significantly to 21.6 per cent of total export earnings, according to the report.

“Agricultural commodities such as coffee, tea, and spices continued to play an important role in supporting export earnings,” the report adds.

On the import side, petroleum products remained the largest category, accounting for 18.4 per cent of total imports, driven by sustained energy demand and rising international fuel prices.

Imports of machinery, transport equipment, industrial supplies and manufactured goods also contributed significantly to the import bill. The report states that this reflects ongoing industrialisation and infrastructure development efforts across the bloc.

China remained bloc’s largest trading partner in exports and imports.

Exports to China rose from $5.9 billion in 2025 to $8.6 billion in 2026, largely driven by mineral exports and other raw materials. Imports from China also increased, reaching $6.8 billion compared to $4.2 billion in the same period last year.

Other key export destinations included the United Arab Emirates (UAE) and South Africa, while major sources of imports included India, UAE, and Japan.

New Times

Tags: #AfCFTA#eacAfrica
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