Egypt - Foreign trade





Egypt Foreign Trade 2008
Photo by: svehlik

Before 1973, when Egypt was linked to the then-Soviet Union, 55% of its exports went to Soviet bloc countries, which supplied 30% of its imports. In 1999, the EU countries were the market for about 35% of Egypt's exports, and provided Egypt with 36% of its imports. The US provided some 14% of Egypt's imports and received over 12% of its exports. Trade with Libya and Saudi Arabia has increased in recent years. Petroleum replaced cotton and cotton products as Egypt's principal export in 1976. Fuel exports accounted for 37% of Egypt's estimated $3.5 billion in merchandise exports in 1999. Other exports include textile yarn and cotton (7%), fabric, and finished garments (7.9%). In 1999, Egypt's imports were distributed among the following categories:

Egypt

Consumer goods 6.1%
Food 15.4%
Fuels 6.0%
Industrial supplies 41.4%
Machinery 21.3%
Transportation 5.1%
Other 4.7%

Principal trading partners in 1999 (in millions of US dollars) were as follows:

Egypt

COUNTRY EXPORTS IMPORTS BALANCE
United States 436 2,296 -1,860
Italy 353 1,049 -696
Netherlands 249 374 -125
France 134 787 -653
Germany 109 1,382 -1,273
Saudi Arabia 98 698 -600
Turkey 97 357 -260
United Kingdom 89 478 -389
Japan 45 521 -476
China (inc. Hong Kong) n.a. 621 n.a.

User Contributions:

murugan
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Aug 17, 2007 @ 8:08 am
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