EU Delegation to Egypt - Key Trade and Economic Developments in Egypt February 2021
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).