Egypt continues to strengthen its global trade ties, with a special focus on its relationships with the world’s leading economies, the G20 nations. Recent data reveals Egypt’s import and export activities with these influential countries, shedding light on the key sectors driving this economic exchange.
Import Highlights:
- Turkey – 10% of Imports: Turkey stands out as Egypt’s top trading partner among G20 nations when it comes to imports. Machinery and equipment, iron, steel, and textiles dominate Egypt’s imports from Turkey, showcasing the diversity of goods exchanged.
- Italy – 8% of Imports: Italy secures the second position with a notable 8% share of Egypt’s total imports from G20 countries. Machinery and equipment, vehicles, and chemicals form the core of this trade relationship, underlining the importance of industrial and technological cooperation.
- Saudi Arabia – 7% of Imports: Saudi Arabia follows closely as Egypt’s third-largest trading partner in terms of imports, with a 7% share. Petroleum products, plastics, and aluminum constitute the primary imports from Saudi Arabia, reflecting the energy and manufacturing sectors’ interdependence.
- United States – 6% of Imports: The United States ranks fourth in Egypt’s imports from G20 nations, capturing 6% of the total. Machinery and equipment, wheat, and soybeans signify the diverse nature of trade between the two countries.
- South Korea – 5% of Imports: South Korea completes the top five, contributing 5% of Egypt’s imports from G20 nations. Machinery and equipment, electronics, and steel emphasize the technological and industrial synergy between the two nations.
Export Highlights:
- China – 57% of Exports: China emerges as Egypt’s primary trading partner among G20 countries for exports, holding a substantial 57% share. Egypt’s exports to China consist primarily of petroleum products, fertilizers, and textiles, reflecting a robust energy and agricultural trade partnership.
- Saudi Arabia – 11% of Exports: Saudi Arabia secures the second position for Egyptian exports within the G20, accounting for 11% of the total. Petroleum products, fertilizers, and fruits and vegetables are the key commodities strengthening this economic link.
- United States – 8% of Exports: The United States stands as Egypt’s third-largest trading partner for exports, representing 8% of the total. Egyptian exports to the U.S. comprise petroleum products, cotton, and textiles, highlighting the significance of energy and textile sectors in this relationship.
- Russia – 6% of Exports: Russia ranks fourth, contributing 6% to Egypt’s exports to G20 nations. Key exports include petroleum products, fertilizers, and fruits and vegetables, signifying the diversity of trade relations.
- India – 5% of Exports: India rounds off the top five, accounting for 5% of Egypt’s exports to G20 nations. Egyptian exports to India primarily consist of petroleum products, cotton, and textiles, underscoring the importance of the energy and textile industries.
China’s prominent role as both Egypt’s top import and export partner highlights the strength of their economic ties. Meanwhile, the United States maintains a significant presence in Egypt’s trade landscape, reinforcing bilateral economic cooperation.
Egypt’s ongoing trade relationships with the G20 countries serve as a testament to its commitment to economic growth, job creation, and technological development. These exchanges promote mutual benefits and open doors for further collaboration on a global scale.
As Egypt continues to navigate the complex landscape of international trade, the nation’s partnerships with G20 nations remain pivotal in shaping its economic future.
