Egypt's trade deficit narrowed to USD 3.63 billion in February 2019 from USD 3.72 billion in the same period of 2018. Exports rose 2.2 percent to USD 2.48 billion, mainly boosted by sales of crude oil (13 percent); polymers in primary forms (plastics) (29.6 percent); potatoes (27.9 percent) and fresh fruits (94.2 percent). Meanwhile, imports fell 0.2 percent to USD 6.11 billion, mainly dragged down by lower purchases of petroleum products (-25.5 percent); raw materials of iron or steel (-26.5 percent) and soybean (-0.9 percent). Balance of Trade in Egypt averaged -826.47 USD Million from 1957 until 2019, 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.

Balance of Trade in Egypt is expected to be -3424.93 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 -2790.00 in 12 months time. In the long-term, the Egypt Balance of Trade is projected to trend around -2750.00 USD Million in 2020, according to our econometric models.

Egypt Balance of Trade
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Egypt Trade Last Previous Highest Lowest Unit
Balance of Trade -3628.00 -2787.00 235.50 -5056.10 USD Million [+]
Current Account -2185.00 -1668.60 1538.90 -5663.20 USD Million [+]
Current Account to GDP -2.40 -6.10 8.70 -8.50 percent [+]
Imports 6109.00 5117.00 7111.00 33.05 USD Million [+]
Exports 2481.00 2330.00 2991.20 12.63 USD Million [+]
External Debt 96612.10 93130.70 96612.10 26132.50 USD Million [+]
Foreign Direct Investment 3729.20 2873.30 5572.50 40.70 USD Million [+]
Capital Flows 228.10 1558.00 10682.60 -4588.40 USD Million [+]
Remittances 6136.90 5909.00 7098.90 655.20 USD Million [+]
Tourism Revenues 11.40 7.60 12.50 3.80 USD Billion [+]
Tourist Arrivals 1032.00 996.00 1486.00 57.00 Thousand [+]
Gold Reserves 78.60 78.40 78.60 75.58 Tonnes [+]
Crude Oil Production 586.00 586.00 930.00 560.00 BBL/D/1K [+]
Terrorism Index 7.35 7.17 7.35 0.04 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Egypt Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3628.00 -2787.00 235.50 -5056.10 1957 - 2019 USD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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