Trading Partner Portal: Egypt
Egypt spans the northeast corner of Africa and is considered a Mediterranean country. Egypt is considered a cradle of civilization, as it’s able to trace its history back longer than any other country. Islam is the official religion of Egypt and Arabic the official language, although there is a significant Christian minority in the country. The population of Egypt is 98.4 million, making it the most populous country in North Africa, the Middle East, and the Arab world, and the third most populous in Africa. The Sahara Desert makes up large regions of Egyptian land
Egyptian GDP was $250.89 billion in 2018. It’s economy is the third largest in Africa and one of the largest and most diversified in the Middle East. U.S. foreign direct investment (FDI) into Egypt totaled $8.38 billion in 2018. The same year, Egyptian FDI into the U.S. totaled $28 million (Bureau of Economic Analysis).
U.S. exports to Egypt in 2019 totaled $5.48 billion. 25.2% of the total constituted $1.3 billion worth of transportation equipment while 23% and 10.2% represented $1.26 billion of agricultural products and $561 million of chemicals, respectively.
The U.S.’s imports from Egypt were $3.15 billion, 31.1% of which was made up by apparel manufacturing products which totaled $980 million. This was followed by petroleum and coal products and oil and gas which made 27.9% and 9.6% of the total.(U.S. Department of Commerce).
California exports to Egypt totaled $182 million in 2019. Computer and electronic products made up $49.9 million and 27.4% of the total, followed by agricultural products with $46.3 million and 25.4% of the total. Non-electrical machinery also made up 12.8% and $23.2 million.
Imports from Egypt to California totaled $155 million in 2019. 61.7% of which was apparel manufacturing products which totaled $95.8 million. The next largest was food manufactures making up 14.7% of the total and $22.8 million.(U.S. Department of Commerce).
Posting First Rise Since 2014, U.S. Exports to Arab World Grow 4 PErcent to $62.64 Billion in 2019
National U.S.-Arab Chamber of Commerce, February 9, 2020
U.S. Goods Exports to Arab Countries 2018 vs. 2019
National U.S.-Arab Chamber of Commerce, February 2020