According to the Central Bank of Egypt (CBE), the North African country’s foreign trade in the fiscal year 2023–2024 was around USD 104.7 billion. This sum, which includes USD 32.6 billion in exports and USD 72.1 billion in imports, represents a sizable amount of trade with international partners.
Trade exchanges between Egypt and its top 14 trading partners, which make up 64.6% of Egypt’s total international trade, reached over USD 67.6 billion, according to the CBE’s most recent report. This comprises USD 21.6 billion in exports and USD 46 billion in imports.
With a total trade volume of USD 9.3 billion during this time, the UAE became Egypt’s biggest trading partner. This comprises USD 3.7 billion in exports and USD 5.6 billion in imports. With a total trade volume of USD 7.5 billion, which included USD 3.9 billion in imports and USD 3.6 billion in exports, the United States came in second place.
China took fourth place with USD 7.2 billion in trade value, which includes USD 6.7 billion in imports and USD 490 million in exports, while Saudi Arabia came in third with a trade volume of USD 7.2 billion, which included USD 5.4 billion in imports and USD 1.8 billion in exports.
Fifth-place Germany’s trade volume was USD 5.2 billion, which included USD 1.5 billion in exports and USD 3.7 billion in imports. Italy’s trade volume reached USD 4.6 billion, consisting of USD 2.4 billion in imports and USD 2.2 billion in exports, while the United Kingdom came in second with USD 4.8 billion, which was composed of USD 2.5 billion in imports and USD 2.3 billion in exports.
Other significant trading partners are Russia (USD 3.2 billion), Switzerland (USD 4.1 billion), and Turkey (USD 4.3 billion). In addition, Egypt exchanged USD 2.8 billion with Brazil, USD 2.5 billion with India, and USD 2.4 billion with France.
The CBE also noted that USD 37.1 billion was traded with nations outside of the top 14, with USD 26.2 billion coming from imports and USD 10.9 billion from exports.
The dynamic character of Egypt’s worldwide economic linkages is highlighted by these extensive foreign trade statistics, with important trading relationships still influencing the nation’s business environment.