Egypt

Egypt ranked No. 48 in total trade value through June with a total of $3.58 billion. Exports totaled $2.57 billion and Imports totaled $1.01 billion, a surplus of $1.56 billion.

U.S. trade with Egypt rose to $3.58 billion through June

Egypt’s trade with the United States rose to $3.58 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 20.99 percent below its total trade during the same time period last year. U.S. exports to Egypt decreased 14.43 percent while U.S. imports from Egypt fell 33.83 percent. The U.S. surplus with Egypt was $1.56 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Port of Southern Louisiana, Gramercy, St. James Parish; No. 3 Port of Newark; No. 4 Port of Virginia; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 Port of New Orleans; No. 3 Port of Everett, Wash.; No. 4 Port of Houston and No. 5 Port of Southern Louisiana, Gramercy, St. James Parish. In the current time period, the top five accounted for 55.36 percent of Egypt’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 12.79 percent to $516.84 million.
    Exports rose 5.71 percent to $415.16 million. Imports rose 55.23 percent to $101.68 million.
  • Trade with No. 2 Port of Southern Louisiana, Gramercy, St. James Parish rose 43.59 percent to $425.19 million.
    Exports rose 45.63 percent to $425.19 million. There were no imports.
  • Trade with No. 3 Port of Newark fell 17.87 percent to $397.02 million.
    Exports rose 13.55 percent to $46.13 million. Imports fell 20.75 percent to $350.89 million.
  • Trade with No. 4 Port of Virginia rose 25.35 percent to $349.06 million.
    Exports rose 56.33 percent to $304.37 million. Imports fell 46.65 percent to $44.69 million.
  • Trade with No. 5 Port of Savannah, Ga. rose 0.28 percent to $295.95 million.
    Exports rose 1.53 percent to $108 million. Imports fell 0.43 percent to $187.94 million.

Egypt ranked No. 48 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 47.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Egypt by value through June were the categories of Soybeans; Tanks, armored fighting vehicles, parts; Nonelectric rail locomotives, tenders; Polymers of vinyl chloride; and Civilian aircraft, parts, respectively. They accounted for 48.76 percent of total exports to Egypt.

The value of the top five categories of U.S. imports from Egypt –– Gasoline, other fuels; Men’s or boys’ slacks, suits, not knit; Sweaters, pullovers, vests, knit or crocheted; Oil; and Nitrogenous fertilizers –– accounted for 43.19 percent of all inbound shipments.

Looking more closely at U.S. exports to Egypt:

  • Soybeans rose 65.9 percent compared to last year to $757.98 million.
  • Tanks, armored fighting vehicles, parts rose 72.38 percent compared to last year to $185.98 million.
  • Nonelectric rail locomotives, tenders totaled $152.92 million. The previous year, there were no exports in this category.
  • Polymers of vinyl chloride fell 18.71 percent compared to last year to $93.37 million.
  • Civilian aircraft, parts fell 90.24 percent compared to last year to $62.68 million.

Looking more closely at U.S. imports from Egypt:

  • Gasoline, other fuels fell 32.78 percent compared to last year to $176.36 million.
  • Men’s or boys’ slacks, suits, not knit fell 31.81 percent compared to last year to $80.15 million.
  • Sweaters, pullovers, vests, knit or crocheted fell 11.18 percent compared to last year to $67.3 million.
  • Oil fell 72.79 percent compared to last year to $64.76 million.
  • Nitrogenous fertilizers rose 43.37 percent compared to last year to $49.55 million.

In the latest annual figures available, Egypt recorded $8.64 billion in trade with the United States. Total U.S. exports to Egypt were $ 5.49 billion and imports from Egypt were $3.15 billion. The U.S. surplus with Egypt was $2.33 billion.