Trading Partner Portal: Egypt
Overview
Trade Overview
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 109 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 $404 billion in 2021. It’s economy is the second or third largest in Africa, in competition with South Africa, and one of the largest and most diversified in the Middle East. U.S. foreign direct investment (FDI) into Egypt totaled $11.6 billion in 2021. (Bureau of Economic Analysis).
U.S.-Egypt Trade
U.S. exports to Egypt in 2022 totaled $6.5 billion. This included $2.2 billion worth of agricultural products. Chemicals represented $828 million and transportation equipment another $755 million.
The U.S.’s imports from Egypt were $2.8 billion in 2022, with apparel and accessories totaling $1.4 billion. This was followed by processed foods and chemicals which made $336 million and $2510 million, respectively. (U.S. Department of Commerce).
California-Egypt Trade
California exports to Egypt totaled $193 million in 2022. Agricultural products made up $46 million of the total, followed by computer and electronic products with $40 million and transportation equipment at $32 million.
Imports from Egypt to California totaled $289 million in 2022. $114 million of which was apparel and accessories. The next largest import was processed food making up $88 million of the total.(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
Business Opportunities:
Trenco – Company Presentation November 2018
Trade Agreements
Trade Agreements
Events
Events