Trade Agreement Us Egypt

12. Oktober 2021

Egypt`s trade deficit with the United States narrowed by 12 percent in 2019 to $2.3 billion (up from $2.6 billion in 2018). Imports from the U.S. increased 9 percent year-over-year, from $5.1 billion in 2018 to $5.5 billion, while exports increased significantly, growing 27 percent, from $2.5 billion to $3.2 billion in 2019. This increase is explained by a 46% increase in oil exports, which accounted for nearly 40% of Egypt`s total exports to the United States in 2019. Oil exports, which reached $1.2 billion in 2019, were only slightly below the peak of $1.4 billion reached in 2012 for decades (nearly 50% of total exports to the United States this year).

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