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Egypt
| Economy Overview |
| Situated at the extreme north-eastern corner of the African continent, Egypt is an entry point to the Middle East and Africa. Because it owns the Suez Canal, Egypt administers all access between the Mediterranean Sea and the Indian Ocean, and thus most sea traffic between Europe and the Middle East, East Africa and Asia. 95% of Egypt's population is concentrated in the Nile river valley and delta, as most of the rest of the country is desert.
In 2008, imports of manufactured goods, machinery and transport equipment increased and accounted for around 45% of total imports. Mineral fuels, lubricants and related materials accounted for 44% of Egypt's exports in 2008. Top partners for exports in 2008 were Italy, India and the Netherlands. The “cradle of civilization” for centuries, Egypt has a large number of historic monuments and offers many sightseeing attractions. Tourism is therefore an important source of revenue for the country.
Egypt’s weak infrastructure can be an obstacle to trad |
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| Economy Statistics |
| Exports: |
$11 billion f.o.b. [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
crude oil and petroleum products, cotton, textiles, metal products, chemicals [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
Italy 11.9%, US 10.8%, UK 7%, Syria 6.2%, Germany 4.7%, Spain 4.2% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$19.21 billion f.o.b. [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
machinery and equipment, foodstuffs, chemicals, wood products, fuels [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
US 12.2%, Germany 7%, Italy 6.6%, France 5.7%, China 5.4%, UK 4.7%, Saudi Arabia 4.1% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Alexandria Chamber of Commerce |
| Address: |
801 N. Fairfax Street, Suite 402
Alexandria, VA 22314 USA |
| Phone: |
703.549.1000 |
| Fax: |
703.739.3805 |
| Website: |
http://www.alexchamber.com/ |
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