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Economy of Egypt

Egypt is a pancontinental nation with roots spreading from northeast corner of Africa to southwest corner of Asia. The official name of country is Arab Republic of Egypt. It is regarded as one of the most densely inhabited nations not only in Africa, but in Middle East too. The economy of Egypt is fairly stable as compared to different other nations in Middle East. The productive sectors like tourism, agriculture and industry are contributing quite excellently to the economy, and nearly equaling the level of overall production of country. Egypt has the 28th largest GDP in terms of purchasing power parity (PPP) with estimated $551.4 billion in the year 2013. Cairo is the capital and the largest city of the country. The economy of Egypt typically depends on diverse sectors, like agriculture, media, petroleum imports and natural gas. It is estimated that over three million Egyptians are working overseas and contributing to the economy by sending remittance to the country frequently. Other major industries of the Egypt include textiles, food processing, chemicals, pharmaceuticals, cement and metals. The fiscal year of Egypt starts from 1 July to 30.

Imports of Egypt

Egypt is the 50th largest importer of the world, in the year 2013 the estimated imports of Egypt were calculated $59.22 billion. To meet the diverse needs of its people, Egypt imports heavy amount of machinery equipment, food, chemicals, wood products, petroleum. China is the major contributor for the imports of Egypt, other notable partners are Germany, Ukraine, Turkey, Italy and Russia.

Exports of Egypt

Egypt is continuously working hard to enhance the magnitude of its exports for the betterment of economic affairs. As per the stats collected in the year 2013, the estimated exports of Egypt were $24.81 billion. The major exports of Egypt comprise petroleum products, cotton, textiles, metal products, food and chemicals. Nations like Italy, India, United States of America, Saudi Arabia are the leading export partners of Egypt.

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Dialing Code
Fiscal Year
1 July - 30 June
Egytian Pound (EGP)
$27.96 billion (2011 est.) | Crude Oil And Petroleum Products, Cotton, Textiles, Metal Products, Chemicals, Processed Food
$57.41 billion (2011 est.) | Machinery And Equipment, Foodstuffs, Chemicals, Wood Products, Fuels
Textiles, Food Processing, Tourism, Chemicals, Pharmaceuticals, Hydrocarbons, Construction, Cement, Metals, Light Manufactures