Egypt Import Data

Egypt's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Egypt's main trading partners include China, the United States, Germany, Italy, and Saudi Arabia.

• Top 5 Imports: Petroleum products, machinery, vehicles, pharmaceuticals, and iron/steel, representing over 30% of total imports.

• Top 5 Exports: Petroleum, cotton, ready-made garments, citrus fruits, and fertilizers, accounting for nearly 40% of total exports.

• Trade Balance: Egypt faces a notable trade deficit, significantly influenced by the high cost of imported energy and capital goods.

• Trade Policy: The Egyptian government has been liberalizing trade, reducing barriers, and seeking to diversify its export base beyond traditional commodities.

Domestic Market

• Consumer Spending: Consumer spending is robust, driven by a growing middle class, although it is somewhat constrained by inflationary pressures.

• Inflation & Interest Rates: Inflation rates have been fluctuating, prompting the Central Bank of Egypt to adjust interest rates to stabilize the economy and manage price levels.

• Supply Chain Resilience: The supply chain has shown resilience, particularly in the food and textile sectors, but relies heavily on global trade for certain raw materials.

• Industry Performance: The manufacturing sector, especially food processing and textiles, is flourishing, while the energy sector is undergoing significant changes with a focus on renewable resources.

Overall Outlook

Egypt's economy is expected to grow steadily, bolstered by government reforms, a vibrant domestic market, and increasing foreign investment, particularly in sectors like tourism, energy, and manufacturing.