The leading export destination for American goods and services in Africa. Explore trade data, PESTEL analysis, and business resources.
The value of Egyptian exports to the United States increased by more than twofold to $3.3 billion in 2017. Between 2018 and 2019, the amount of exports to the United States under the GSP program doubled, from $97 million to $205 million.
Egypt is the leading export destination for American goods and services in Africa, the fourth largest in the Middle East, and the 45th largest market for American goods globally. From 2016 to 2019, trade increased by approximately 76%, from under $5 billion to roughly $8.8 billion. In 2019, American exports to Egypt increased by 57% to $5.5 billion.
Egypt is a nation in North Africa that borders both the Mediterranean Sea and the Red Sea. Libya, the Gaza Strip, Israel, and Sudan are its neighbors.
Egypt's economy is diversified, with a range of individual freedoms coexisting with centralized economic control.
External factor analysis covering Political, Economic, Social, Technological, Environmental, and Legal dimensions.
Egypt's political stability index score from 1996-2021 is -1.02, ranking 37th in Africa and 164th globally. The political environment reflects a centralized governance structure with ongoing reforms to attract foreign investment.
Egypt's economic freedom score is 49.1, making its economy the 152nd freest in the 2022 global Index. The economy is diversified across agriculture, manufacturing, tourism, and energy sectors.
Egypt is made up of two ethnic groups: Egyptians are 99.7% and others 0.3% (2006). The country has a young population with a growing middle class and increasing urbanization.
The innovations index for Egypt is 25.1 points, above Africa's average of 22.63. Egypt is investing in digital infrastructure and technology parks to support its growing tech sector.
As of 2020, 0% of land area is forest. 2.8% of land area was protected in 2018. Egypt faces significant environmental challenges including water scarcity and desertification.
Egypt's overall Rule of Law Index score decreased by 0.01 to 0.35. The legal framework for business has been undergoing modernization to improve the investment climate.