Egypt-US trade exchange, economic cooperation prospects versus challenges

Possibility of free trade agreement between Egypt, US was one of the most prominent files receiving support from Egyptian business community, says Mohanna

Egypt's trade exchange with the United States rose to $7.54bn in 2018, according to latest US Census Bureau data, marking 34.16% increase compared to 2017.

In 2018, Egypt's exports increased by 26.93%, while its imports rose by 51.77%. The US surplus with Egypt was $2.58bn.
Egypt ranked 53rd among the United States' top trade partners through the current period. In the same period one year ago, Egypt ranked 58th.

The top five US exports to Egypt by value in 2018, were soybeans, corn, coal, briquettes, scrap iron, steel, and petroleum gases, other gaseous hydrocarbons. They accounted for 43.71% of total exports to Egypt.
While the value of the top five categories of US imports from Egypt include oil, gasoline, other fuels, men's or boys' slacks, suits, not knit, sweaters, pullovers, vests, knit or crocheted, and women's or girls' suits, not knit, accounting for 52.7% of all inbound shipments.