Egypt’s Trade Relations with G7 Nations Show Significant Growth ...Egypt

Egypt’s trade with the Group of Seven (G7) nations experienced substantial growth in 2024.  According to new data from the Central Agency for Public Mobilization and Statistics (CAPMAS), bilateral trade reached approximately USD 29.7 billion (EGP 1 trillion), a 14.2 percent increase from USD 26 billion (EGP 1.31 trillion) in 2023.  This growth underscores Egypt’s expanding role in the global market, particularly with the world’s leading economies, the G7, which include the United States, Germany, France, the United Kingdom, Italy, Canada, and Japan. The figures reveal that Egypt’s exports to G7 countries rose to around USD 9.5 billion (EGP 478 billion), marking a 10.5 percent increase from USD 8.6 billion (EGP 433 billion) the previous year.  Italy emerged as the largest importer of Egyptian goods, accounting for USD 3.4 billion (EGP 171 billion), followed by the United States with USD 2.2 billion (EGP 110 billion) and the United Kingdom at USD 1.6 billion (EGP 80 billion).  Key exports included mineral fuels, ready-made garments, electrical machinery, and agricultural products, illustrating the diversity of Egypt’s export portfolio. On the import side, Egypt’s total imports from G7 nations surged to USD 20.2 billionContinue reading "Egypt’s Trade Relations with G7 Nations Show Significant Growth"

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