Please find the latest report on trade, economic, and investment trends in Egypt, gathered by the EU delegation to Egypt.

Trade and Investment Developments:

Between January and November 2020, total EU-Egypt trade decreased by ca. 12% compared to the same period of the previous year. EU exports to Egypt fell by ca. 7% and Egypt’s exports to the EU went down by ca. 22%.

According to a statement of Egypt’s Trade Minister, in 2020 the country’s non-oil trade deficit declined by 17% y-o-y due to lower imports. Non-oil imports shrank by 12% while exports decreased by 1%. The total value of Egypt’s exports hit USD 22.8 bn during the first 11 months of 2020, which is a slight drop (-2.2%), compared to USD 23.3 bn during the same period of the previous year.

Read the report here (link to pdf).