Flag Egypt

Econ Complexity (2018): -0.079, Rank 71 of 137

Product Exports (2018): $35.2B, Rank 62 of 222

Exports Per Capita (2018): $358, Rank 18 of 219

Product Imports (2018): $83.9B, Rank 42 of 221

Imports Per Capita (2018): $853, Rank 14 of 219

Service Exports (2015): $17.7B, Rank 45 of 170

Service Imports (2015): $13.8B, Rank 52 of 170

GDP (2018): $251B, CURRENT US$
Rank 43 of 196

GDP growth (2008 - 2018): 54.1%, CURRENT US$
Rank 76 of 196

GDP PC (2018): $2,549, CURRENT US$
Rank 142 of 196

GDP PC GROWTH (2008 - 2018): 24.7%, CURRENT US$
Rank 97 of 196

Overview: This page contains the latest international trade data for Egypt, including service trade data, and tariffs. In 2018 Egypt was the number 43 economy in the world in terms of GDP (current US$), the number 62 in total exports, the number 42 in total imports, and the number 71 most complex economy according to the Economic Complexity Index (ECI). In 2018, Egypt exported $35.2B and imported $83.9B, resulting in a negative trade balance of -$48.7B. In 2018, Egypt's exports per capita were $358 and its imports per capita were $853.

Trade: The top exports of Egypt are Crude Petroleum ($4.93B), Refined Petroleum ($1.99B), Gold ($1.86B), Nitrogenous Fertilizers ($1.39B), and Petroleum Gas ($1.17B). The top imports of Egypt are Wheat ($4.54B), Refined Petroleum ($4.44B), Crude Petroleum ($3.28B), Semi-Finished Iron ($2.68B), and Cars ($2.35B).

Destinations: Egypt exports mostly to Italy ($2.67B), United States ($2.48B), Turkey ($2.41B), United Arab Emirates ($2B), and Saudi Arabia ($1.6B), and imports mostly from China ($12.3B), Russia ($7.75B), United States ($4.93B), Germany ($3.83B), and Saudi Arabia ($3.53B).

Location: Egypt borders Israel, Libya, and Sudan by land and Cyprus, Greece, Jordan, Saudi Arabia, and Turkey by sea.

Yearly Exports

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Top Export (2018): Crude Petroleum, $4.93B

Top Destination (2018): Italy, $2.67B

In 2018 Egypt exported a total of $35.2B, making it the number 62 exporter in the world. During the last five reported years the exports of Egypt have changed by -$672M from $35.9B in 2013 to $35.2B in 2018.

The most recent exports are led by Crude Petroleum ($4.93B), Refined Petroleum ($1.99B), Gold ($1.86B), Nitrogenous Fertilizers ($1.39B), and Petroleum Gas ($1.17B). The most common destination for the exports of Egypt are Italy ($2.67B), United States ($2.48B), Turkey ($2.41B), United Arab Emirates ($2B), and Saudi Arabia ($1.6B).

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Yearly Imports

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Top Import (2018): Wheat, $4.54B

Top Origin (2018): China, $12.3B

In 2018 Egypt imported $83.9B, making it the number 42 trade destination in the world. During the last five reported years the imports of Egypt changed by $14.3B from $69.6B in 2013 to $83.9B in 2018.

The most recent imports of Egypt are led by Wheat ($4.54B), Refined Petroleum ($4.44B), Crude Petroleum ($3.28B), Semi-Finished Iron ($2.68B), and Cars ($2.35B). The most common import partners for Egypt are China ($12.3B), Russia ($7.75B), United States ($4.93B), Germany ($3.83B), and Saudi Arabia ($3.53B).

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Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Egypt Exports Services (2015): $17.7B

Egypt Imports Services (2015): $13.8B

In 2015, Egypt exported $17.7B worth of services. The top services exported by Egypt in 2015 were Travel ($6.07B), Other transport ($5.94B), Sea transport ($2.78B), Air transport ($1.01B), and Construction services ($537M).

The top services imported by Egypt in 2015 were Sea transport ($6.43B), Miscellaneous business, professional, and technical services ($2.26B), Insurance services ($1.69B), Construction services ($1.52B), and Government services, n.i.e. ($795M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Egypt. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Egypt are Fermented beverages nes (eg cider, perry, mead, etc) (3k%) and Gin and Geneva (3k%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Egypt are:
115: Common Market for Eastern and Southern Africa (Group I) FTA Member States
136: Most Favoured Nation duty rate treatement
211: Preferential tariff for Eritrea (COMESA)
214: Preferential tariff for Ethiopia (COMESA)
219: Preferential tariff for European Union countries (AA) Association Agreement
224: Preferential tariff for for occupied Palestinian territory
238: Preferential tariff for Iceland
243: Preferential tariff for Iraq
247: Preferential tariff for Jordan
260: Preferential tariff for Lybia
269: Preferential tariff for MERCOSUR countries (Southern Common Market)
273: Preferential tariff for Morocco
281: Preferential tariff for Norway
305: Preferential tariff for Sudan
307: Preferential tariff for Switzerland and Liechtenstein
308: Preferential tariff for Syria
313: Preferential tariff for the League of Arab States
321: Preferential tariff for Tunisia
322: Preferential tariff for Turkey
324: Preferential tariff for Uganda (COMESA)
336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries
338: Preferential tariff under Agadir agreement (Jordan, Morocco and Tunisia)

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years Egypt's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨71st to the 71st⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Egypt has a high level of specialization in Aluminium Powder (139), Phosphatic Fertilizers (52), Glazed Ceramics (44.8), Preserved Vegetables (40), and Iron Ingots (38.2). Specialization is measured using RCA, an index that takes the ratio between Egypt observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Egypt according to the product complexity index (PCI) are Cast and rolled glass, sheets and profiles (1.54), Lubricant, oils, textile, leather work, <70% petroleum (1.5), Esters of inorganic acids nes, salts, derivatives (1.36), Glues and adhesives nes, pack <1kg (1.09), and Nonwovens textiles except felt (1.04). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Egypt according to the relatedness index, are Insect Resins (0.37), Other Vegetables (0.35), Chromium Ore (0.34), Other Nuts (0.34), and Tanned Goat Hides (0.33). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Egypt is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.