Egypt Balance Of TradeEgypt Balance Of TradeEgypt Balance Of Trade

Egypt Balance Of Trade

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Key data points


Last release
Observation period
Jul 2024
Next release
Forecast
Highest
‪235.50 M‬USD on Jan 31, 2004
Lowest
‪−5.06 B‬USD on Aug 31, 2014

About Egypt Balance Of Trade


Category
Trade
Frequency
Monthly
Units
USD
Egypt has been recording trade deficits since 2004, as imports have grown at a faster rate than exports, mostly due to a rise in petroleum and wheat imports. The major exports are oil and other mineral products, chemicals, agricultural products, livestock and textiles. Egypt imports mineral and chemical products, agricultural products, livestock and foodstuff, machinery and electrical equipment and base metals. Main trading partners are the European countries (38 percent of total exports and 31 percent of total imports) and the Arab countries (28 percent of exports and 13.5 percent of imports). Others include: United States, China and India.