Egypt’s trade with G20 nations hits $61b in first 9 months of 2024

Egypt’s trade with the G20 countries reached $61 billion in the first nine months of 2024, up from $55.6 billion during the same period in 2023, according to the latest data from the country’s official statistics agency, CAPMAS.

Exports from Egypt to G20 nations totaled $14.4 billion, a slight decline from $14.9 billion in 2023. Italy was the leading importer of Egyptian goods, purchasing $2.9 billion worth, followed by Saudi Arabia ($2.4 billion), Turkey ($2.3 billion), the USA ($1.7 billion), the UK ($1.2 billion), France ($811 million), Germany ($717 million), Brazil ($585 million), Russia ($466 million), and India ($423 million).

Top exports included fuel, mineral oils, and refined products ($2.4 billion), vegetables and fruits ($1.7 billion), ready-made clothing ($1.5 billion), electrical appliances and equipment and their parts ($962 million), fertilisers ($961 million), plastics and products ($887 million), and iron and steel ($830 million).

On the import side, Egypt’s purchases from G20 countries totaled $46.6 billion, up from $40.7 billion in 2023. China was Egypt’s largest supplier, with $11.3 billion in imports, followed by the USA ($5.2 billion), Saudi Arabia ($5.1 billion), Russia ($4.5 billion), Germany ($3.3 billion), Brazil ($2.9 billion), Italy ($2.6 billion), Turkey ($2.4 billion), India ($2.2 billion), and the UK ($1.5 billion).

Major imports included electrical and mechanical appliances and equipment ($8.2 billion), fuel, mineral oils, and their refined products ($6.9 billion), iron and steel and their products ($4.1 billion), grains ($3.4 billion), cars, tractors, motorcycles, and their parts ($2.7 billion), plastics and products ($2.5 billion), and chemical products ($1.7 billion).

Attribution: CAPMAS emailed statement

Subediting: Y.Yasser