Egypt Balance of TradeJanuary 2023 Data - 1957-2022 Historical - February Forecast

Name: Egypt Balance of Trade
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Egypt,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Egypt recorded a trade deficit of 2155 USD Million in November of 2022. source: Central Agency for Public Mobilization and Statistics

Balance of Trade in Egypt averaged -972.25 USD Million from 1957 until 2022, 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 February of 2023.

Balance of Trade in Egypt is expected to be -2800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Balance of Trade is projected to trend around -2300.00 USD Million in 2024 and -2200.00 USD Million in 2025, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	-2155.00	-3579.00	USD Million	Nov 2022
Imports	5941.00	7346.00	USD Million	Nov 2022
Exports	3785.00	3767.00	USD Million	Nov 2022

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.