Monday, 22 March 2010   |   Last Updated: 03 June 2009

 

Egypt

Egypt Flag

Egypt and the United States exchanged $8.4 billion in goods in 2008, making Egypt our 52nd largest trading partner in goods. In May 2009, the United States and Egypt signed a Plan for a Strategic Partnership, which aims to further promote economic cooperation between the two countries.

Exports

Egypt is currently the 36th largest export market for U.S. goods. The U.S. goods trade surplus with Egypt was $3.7 billion in 2008, an increase of $690 million from $3.0 billion in 2007. U.S. goods exports in 2008 were $6.0 billion, up 12.8 percent from the previous year.

Imports

U.S. imports from Egypt were $2.4 billion, down 0.3 percent.

Investment

The stock of U.S. foreign direct investment (FDI) in Egypt was $7.5 billion in 2007 (latest data available), up from $6.5 billion in 2006. U.S. FDI in Egypt is concentrated largely in the mining sector.