Trade Trend

In 2023, Egypt's total export value is 42.05Billion USD, total import value is 83.16Billion USD, Deficit is -41.11Billion USD, and foreign trade dependency is 0.316. In 2023，Egypt's top export products are Petroleum gases and other gaseous hydrocarbons(2.73Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(2.55Billion USD), Fertilizers; mineral or chemical, nitrogenous(1.86Billion USD), top export destinations are Turkey(3.77Billion USD), Italy(3.14Billion USD), Saudi Arabia(2.68Billion USD). In 2023, Egypt's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(6.45Billion USD), Wheat and meslin(3.77Billion USD), Petroleum gases and other gaseous hydrocarbons(3.33Billion USD), top import origins are China(12.94Billion USD), United States(5.40Billion USD), Saudi Arabia(5.21Billion USD).

Comparing to 2022, Egypt's total export value decreased -10.06Billion USD(-19.31%) in 2023, this could result from its export decreases of products such as Petroleum gases and other gaseous hydrocarbons(-7.39Billion USD or -73.01%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-3.28Billion USD or -64.14%), Fertilizers; mineral or chemical, nitrogenous(-897.16Million USD or -32.54%) and export decreases to countries/economics such as Spain(-2.09Billion USD or -54.17%), South Korea(-1.55Billion USD or -80.27%), China(-944.95Million USD or -50.97%). Comparing to 2022, Egypt's total import value decreased -13.03Billion USD(-13.55%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-2.72Billion USD or -58.79%), Soya beans, whether or not broken(-1.13Billion USD or -40.54%), Maize (corn)(-595.10Million USD or -19.50%), and its import decreases from countries/economies such as Saudi Arabia(-2.67Billion USD or -33.90%), China(-1.82Billion USD or -12.34%), United States(-1.56Billion USD or -22.37%).

Cumulated to first 3 months of 2024, Egypt's total export value is 6.81Billion USD, total import value is 11.63Billion USD, and tradedeficit is -4.81Billion USD. Cumulated to first 3 months of 2024, Egypt's top export products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(449.42Million USD), Citrus fruit; fresh or dried(334.47Million USD), Fertilizers; mineral or chemical, nitrogenous(261.99Million USD), and top export destinations are Turkey(568.87Million USD), Saudi Arabia(556.59Million USD), Italy(453.51Million USD). Cumulated to first 3 months of 2024, Egypt's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(449.42Million USD), Citrus fruit; fresh or dried(334.47Million USD), Fertilizers; mineral or chemical, nitrogenous(261.99Million USD), and top import origins areChina(1.64Billion USD), Saudi Arabia(816.01Million USD), Russia(778.77Million USD).