The bulk of Egypt’s exports to the U.S. continue to be textiles and apparel, which made up 58% of the total and were valued at USD 1.1 billion in 2019. Other top exports were food and kindred products, which rose 29% from the previous year to USD 161.9 million with fresh meats and fish driving the most growth.
What are Egypts main exports?
Egypt’s main exports consist of natural gas, and non-petroleum products such as ready-made clothes, cotton textiles, medical and petrochemical products, citrus fruits, rice and dried onion, and more recently cement, steel, and ceramics.
What products do we import from Egypt?
Egypt’s Top 5 Commodity Imports
|Refined Petroleum||$4.44 billion|
|Crude Petroleum||$3,28 billion|
|Semi-Finished Iron||$2.68 billion|
|Petroleum Gas||$2.33 billion|
What does Egypt trade the most?
Its most important exports include petroleum and petroleum products, followed by raw cotton, cotton yarn, and textiles. … Among agricultural exports are rice, onions, garlic, and citrus fruit. Egypt’s most important trading partners include China, the United States, Italy, Germany, and the Gulf Arab countries.
Does the US import cotton from Egypt?
The United States accounted for around 21 percent of Egyptian imports. Shipments from Sudan and Burkina Faso made up 17 and 13 percent respectively. Local traders and yarn manufacturers appreciate the quality of U.S. Pima and upland cotton.
How many billionaires are there in Egypt?
As of April 2021, Nassef Sawiris, with a net worth of 8.5 billion U.S. dollars, is the richest man in Egypt, second richest in the African continent, and 298 in the world.
Egypt’s billionaires as of 2021 (net worth in billion U.S. dollars)
|Characteristic||Net worth in billion U.S. dollars|
What is Egypt’s main source of income?
Egypt’s economy relies mainly on agriculture, media, petroleum imports, natural gas, and tourism. Note: Top 3 trade partners are calculated by imports + exports.
What are the major imports of Egypt?
Egypt’s main imports consist of pharmaceuticals and non-petroleum products such as wheat, maize, cars and car spare parts. The current account grew from 0.7% of GDP in FY2002 to 3.3% at FY2005.
Does Egypt export oil?
Egypt exports 25% of its oil production (169,884 barrels per day in 2016).
Does Egypt export a lot?
Egypt exports crude oil and petroleum products, cotton, textiles, metal products, and chemicals. Among its main export partners are the United States, Italy, Spain, Syria, France, Germany, and Saudi Arabia. Its major imports are machinery and equipment, foodstuffs, chemicals, wood products, and fuels.
What does US import from Egypt?
Total two-way trade in goods between the United States and Egypt was $8.6 billion in 2019. U.S. exports to Egypt include wheat and corn, mineral fuel and oil, machinery, aircraft, and iron and steel products. U.S. imports from Egypt include apparel, natural gas and oil, fertilizers, textiles, and agricultural products.
Why was trade important in Egypt?
Trade was also important to the economies of ancient civilizations. When Egyptians first settled along the Nile, the resources of the river supplied them with what they needed to survive. Grain grew quickly in the healthy soil of the Nile, so the people had plenty to eat.
Does Egypt import oil?
CAIRO – 19 May 2020: In light of the decline of oil prices, Egypt increased its crude oil imports in the first two months of 2020 as their size was $553.6 million in January and $548.7 million in February. Oil imports were worth $121.5 million in January 2019 and $233.26 million in February 2019.
Does the US get oil from Egypt?
U.S. Imports from Egypt of Crude Oil (Thousand Barrels)
Does the US trade with Egypt?
U.S.-Egypt Trade Facts
Egypt is currently our 47th largest goods trading partner with $8.6 billion in total (two way) goods trade during 2019. Goods exports totaled $5.5 billion; goods imports totaled $3.2 billion. The U.S. goods trade surplus with Egypt was $2.3 billion in 2019.
How much money does Egypt make from cotton?
In 2018, the value of cotton fabric exports from Egypt amounted to approximately 3.2 billion Egyptian pounds. The total export value of all commodities in Egypt was 524 billion Egyptian pounds during this time period.