Egypt recorded a trade deficit of 2277 USD Million in July of 2020.

Balance of Trade in Egypt averaged -905.28 USD Million from 1957 until 2020, reaching an all time high of 235.50 USD Million in January of 2004 and a record low of -5056.10 USD Million in August of 2014. This page provides - Egypt Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Balance of Trade - values, historical data and charts - was last updated on September of 2020. source: Central Agency for Public Mobilization and Statistics

Balance of Trade in Egypt is expected to be -2450.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Egypt to stand at -3250.00 in 12 months time. In the long-term, the Egypt Balance of Trade is projected to trend around -3400.00 USD Million in 2021 and -3600.00 USD Million in 2022, according to our econometric models.

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Egypt Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2277.00 -3309.00 235.50 -5056.10 1957 - 2020 USD Million Monthly

Egypt Trade Last Previous Highest Lowest Unit
Balance of Trade -2277.00 -3309.00 235.50 -5056.10 USD Million [+]
Current Account -2764.70 -3192.00 1538.90 -5663.20 USD Million [+]
Current Account to GDP -3.60 -2.40 8.70 -8.50 percent [+]
Imports 4430.00 5558.00 7160.60 33.05 USD Million [+]
Exports 2153.00 2248.00 3063.40 12.63 USD Million [+]
External Debt 111292.20 112670.60 112670.60 26132.50 USD Million [+]
Foreign Direct Investment 3585.00 4899.00 5572.50 40.70 USD Million [+]
Capital Flows -1143.50 4576.20 11279.80 -4588.40 USD Million [+]
Remittances 7869.00 6963.90 7869.00 655.20 USD Million [+]
Tourism Revenues 12.57 9.80 12.57 3.80 USD Billion [+]
Gold Reserves 79.60 79.40 79.60 75.58 Tonnes [+]
Crude Oil Production 578.00 578.00 930.00 560.00 BBL/D/1K [+]
Terrorism Index 6.79 7.35 7.35 0.04 [+]


Egypt Balance of Trade
Egypt has been recording trade deficits since 2004, as imports have grown at a faster rate than exports, mostly due to a rise in petroleum and wheat imports. The major exports are oil and other mineral products, chemicals, agricultural products, livestock and textiles. Egypt imports mineral and chemical products, agricultural products, livestock and foodstuff, machinery and electrical equipment and base metals. Main trading partners are the European countries (38 percent of total exports and 31 percent of total imports) and the Arab countries (28 percent of exports and 13.5 percent of imports). Others include: United States, China and India.