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 102.3 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 $365.2 billion in 2020. 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 $11.2 billion in 2020. (Bureau of Economic Analysis).
U.S. exports to Egypt in 2021 totaled $5.8 billion. This included $1.7 billion worth of agricultural products. Chemicals represented $894 million and transportation equipment another $727 million.
The U.S.’s imports from Egypt were $3.3 billion in 2021,with apparel and accessories totaling $1.1 billion. This was followed by petroleum and coal products and chemicals which made $770 million and $304 million, respectively.(U.S. Department of Commerce).
California exports to Egypt totaled $202 million in 2021. Agricultural products made up $57 million of the total, followed by computer and electronic products with $49 million and processed foods at $34 million.
Imports from Egypt to California totaled $207 million in 2021. $102 million of which was apparel and accessories. The next largest import was processed food making up $49 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