Cairo’s skyline glints over the Nile as Egypt reports robust trade growth for 2024. Total exports climbed to $45.3 billion, marking a 6.5% increase from the previous year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
The engine behind this growth was non-oil goods, which jumped 14.4% to $39.9 billion, up from $34.9 billion in 2023. Conversely, oil and electricity exports tumbled nearly 30% to $5.5 billion, down from $7.7 billion a year earlier.
Saudi Arabia emerged as Egypt’s top export partner, receiving $3.5 billion in goods, or 7.7% of the total, closely followed by Turkey with $3.4 billion, representing 7.6% of exports.
Imports also climbed sharply, reaching $95.3 billion—a 13.2% year-on-year rise. Non-oil imports rose 9.2% to $79.2 billion, while oil and electricity purchases surged 38.3% to $16.1 billion. China remained the leading source of imports at $15.7 billion, accounting for 16.5% of the total, with Saudi Arabia in second place at $7.9 billion.
The data paints a picture of an Egyptian economy increasingly fueled by non-oil trade, even as traditional energy exports falter.
