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Egypt

U.S.-Egypt Trade Facts

In 2018, Egypt GDP was an estimated $249.6 billion (current market exchange rates); real GDP was up by an estimated 5.3%; and the population was 97 million. (Source: IMF)

Egypt is currently our 53rd largest goods trading partner with $7.5 billion in total (two way) goods trade during 2018. Goods exports totaled $5.1 billion; goods imports totaled $2.5 billion. The U.S. goods trade surplus with Egypt was $2.6 billion in 2018.

According to the Department of Commerce, U.S. exports of Goods to Egypt supported an estimated 25 thousand jobs in 2015 (latest data available).

Exports

  • Egypt was the United States' 45th largest goods export market in 2018.
     
  • U.S. goods exports to Egypt in 2018 were $5.1 billion, up 26.7% ($1.1 billion) from 2017 but down 15.8% from 2008. 
     
  • The top export categories (2-digit HS) in 2018 were: miscellaneous grain, seeds, fruit (soybeans) ($1.2 billion), mineral fuels ($640 million), machinery ($485 million), cereals (corn) ($348 million), and iron and steel ($265 million).
     
  • U.S. total exports of agricultural products to Egypt totaled $1.9 billion in 2018, our 16th largest agricultural export market. Leading domestic export categories include: soybeans ($1.2 billion), corn ($320 million), other feeds & fodders ($84 million), beef & beef products ($66 million), and cotton ($55 million).

Imports

  • Egypt was the United States' 65th largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Egypt totaled $2.5 billion in 2018, up 51.6% ($845 million) from 2017, and up 4.7% from 2008. 
     
  • The top import categories (2-digit HS) in 2018 were: mineral fuels ($823 million), knit apparel ($454 million), woven apparel ($384 million), carpets and other textile coverings ($127 million), and iron and steel ($97 million).
     
  • U.S. total imports of agricultural products from Egypt totaled $133 million in 2018. Leading categories include: processed fruit & vegetables ($49 million), spices ($31 million), essential oils ($17 million), fruit & vegetable juices ($10 million), and tea, incl herb ($4 million).

Trade Balance

  • The U.S. goods trade surplus with Egypt was $2.6 billion in 2018, a 9.3% increase ($220 million) over 2017.

Investment

  • U.S. foreign direct investment (FDI) in Egypt (stock) was $9.4 billion in 2017, a 25.5% decrease from 2016. U.S. direct investment in Egypt is led by wholesale trade, information services, and finance and insurance.

  • No data on Egypt's FDI in the U.S. are available. There is no information on the distribution of Egypt FDI in the U.S. 

  • Sales of services in Egypt by majority U.S.-owned affiliates were $1.1 billion in 2016 (latest data available), while sales of services in the United States by majority Egypt-owned firms were $5 million.

NOTE: No Services trade data with Egypt are available