Egypt–Australia trade drops in ’24 – CAPMAS

Trade between Egypt and Australia recorded $494 million in 2024, down from $558 million a year earlier, according to recent figures from Egypt’s state statistics agency CAPMAS.

Egyptian exports to Australia rose to $50 million from $45 million in 2023, while imports from Australia fell to $444 million from $513 million.

Top Egyptian Exports to Australia in 2024:

• Stone and cement products – $8 million
• Ready-made garments – $8 million
• Cereal preparations – $7 million
• Preserved vegetables and fruits – $5 million
• Oil seeds and oleaginous fruits – $4 million

Main Imports from Australia to Egypt in 2024:

• Vegetables – $254 million
• Grains – $54 million
• Meat – $28 million
• Electrical machinery and appliances – $37 million
• Chemical products – $23 million

Australian investments in Egypt stood at $3.7 million in the 2023/2024 fiscal year, down from $4.7 million the previous year. Egyptian investments in Australia reached $500,000, compared to $16.1 million the year before.

Egyptian remittances from Australia totalled $61 million, down from $54.6 million, while Australian remittances from Egypt dropped to $6.6 million from $9.2 million.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama