
Egypt is a country located in the northeast of the African continent and borders the Mediterranean Sea to the north, Israel and the Gulf of Aqaba to the east, Sudan to the south, and Libya to the west. The capital of Egypt is Cairo. The currency of this country is the Egyptian pound (EGP). The official language of Egypt is Arabic and most of the people of this country also speak Arabic. The majority of Egyptians have Islamic beliefs. Egypt is a large and diverse market and has an advanced economy in the region. The main sectors of the Egyptian economy include services, industry, agriculture, economic foundations and tourism. Egypt has rich natural resources including oil, natural gas, granite, kaolin, phosphate and iron. The products that Egyptian businessmen import and export to other countries include machinery, electronic devices, chemical products, clothing and food products, agricultural products, steel products, and textile products. On the other hand, Egypt exports oil and gas products, agricultural products including food products, auto parts, textile products and wooden products to other countries. Egypt`s biggest trading partners are mainly China, Italy, America, India and Turkey. Also, Egypt has strong trade relations with Arab, European and African countries. The biggest sources of Egypt`s income are tourism, oil and gas, remittances from Egyptians living abroad, and the export of agricultural and industrial products.
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Al-Ahjar Al-Karima 2 months ago
None Precious stones
Precious stones in all their types and crafts, and meteorites
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Sami Hussein Eissa 4 months ago
None Trader in Precious Stones and Agricultural Products
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Fathisayed 2 months ago
None Precious Stones
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Awlad Danqal 3 months ago
None Legumes
All kinds of legumes, rice, fresh vegetables, dried fruits, nuts, seeds, livestock, stallions, camels, Barqi sheep, goats, deer, ostriches, peacocks, ...
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Tarek Alshahat 3 months ago
None Fruit
We work in the field of exporting fruits such as oranges, lemons, grapefruits, grapes, mangoes, and all vegetables.
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Ahmed Wagih 5 months ago
None Herbs and spices
We specialize in offering a wide range of Herbs, Spices, Grains, and Legumes products including [Basil, Anise, Bay leaves, Chilli, Chamomile, Calendul...
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Mehran Moheni 3 months ago
None Precious Stones
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Marwa Mohamed Melisa 3 months ago
None Artworks
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Walaa Elsaaed 2 months ago
None Meteor
A set of meteorites including the lunar ones, and it contains all the specifications.
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Eng. Lotfy Kamel 2 months ago
None Mineral and Industrial Raw Materials
We are a rapidly growing Egyptian company, founded by a group of specialized experts who have great experience in the field of trade, mining, and supp...
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Amr Elhawary 10 months ago
None Synthetic oils and additives for oils and greases
I am considering introducing synthetic oils produced in Georgia to Egypt, as Egypt is a large market with many users. This also includes various types...
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Alfan Alislami 5 months ago
None Islamic Art
The enamel-coated lantern is not just a lighting tool but also an artistic piece that can be displayed as a masterpiece in homes or cultural venues. T...
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Mo Ali 2 months ago
None Meteorite
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Ahmed 3 months ago
None Granite New Halayeb and Halayeb and Jundola Red Aswan Black Aswan Gray
Al-Fahd Stone for Marble and Granite for exporting the best types of marble and granite to all Arab countries, African countries, the Gulf, and foreig...
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Nizk Thalji F 1 months ago
None Snowy Color Meteor
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Kemet Export-Import 1 months ago
None Building Materials
Kemet Import & Export owns its own factory in Egypt and is an exclusive agent for major cement and iron and steel factories
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Nader 4 months ago
None The Miswak and the Prayer Cap
Egypt’s strategic location and diversified economy make it a pivotal trade partner for businesses targeting West Asia. In 2023, Egypt's exports of goods and services accounted for 19.1% of its GDP, a significant rise from 10.6% in 2021, although still below the global average of 32.1%. This growth reflects Egypt's increasing integration into global trade networks, particularly in sectors like agriculture and industry. However, challenges such as high inflation (33.9% in 2023 compared to a global average of 8.6%) and a depreciating currency (30.6 LCU per USD in 2023 from 15.6 in 2021) may impact the cost of imports and exports, creating volatility for traders.
On the import side, Egypt's merchandise import value index dropped to 87.0 in 2023 from 128.5 in 2022, signaling reduced import activity, possibly due to economic pressures. Conversely, the export value index also declined to 82.1 in 2023 from 124.1 in 2022, indicating challenges in sustaining export growth. Yet, Egypt’s agriculture sector, contributing 11.6% to GDP in 2023, remains a promising area for trade, especially given its alignment with the global average of 11.3%.
For entrepreneurs, opportunities lie in sectors like industrial goods (32.1% of GDP) and services (51.3% of GDP), which dominate Egypt's economy. Egypt’s domestic credit to the private sector, at 29.3% of GDP in 2023, lags behind the global average of 67.1%, suggesting room for financial partnerships and investments. To mitigate risks, traders should leverage Egypt’s verified exporters and importers through platforms offering supply chain solutions and market insights tailored for the Middle East. By aligning with trusted B2B marketplaces, businesses can navigate economic fluctuations and capitalize on Egypt’s growing trade potential in West Asia.