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Foreign Trade in Figures | Trade Compliance | Standards

Foreign Trade in Figures

The Egyptian market is gradually opening up, especially after signing an agreement with the European Free Trade Association (EFTA) in 2006, and promoting a free trade treaty with the United States. Its three primary export partners are the European Union, which represents more than a third of the trade, United States and Syria. The EU and the USA absorb almost 60% of egyptian exports. Egypt mainly exports mineral fuels and oil, cotton, iron and steel. It imports mainly consumer electronic goods and capital goods, nuclear reactors and nuclear-powered boilers, cereals, food products and chemical products. Import volume has doubled and is twice the export volume, a fact which contributed to the deterioration of the country's trade balance, now a deficit (USD 25.1b in 2010)

 
Foreign Trade Indicators 20062007200820092010
Imports of Goods (million USD) 27,30037,10048,38244,94652,923
Exports of Goods (million USD) 16,72819,22426,22423,06226,438
Imports of Services (million USD) 10,28813,08816,33512,76512,659
Exports of Services (million USD) 15,83419,66024,66821,30223,762
Imports of Goods and Services (Annual % Change) 21.828.826.3-17.9-16.1
Exports of Goods and Services (Annual % Change) 21.323.328.8-14.5-10.6
Imports of Goods and Services (in % of GDP) 31.634.838.631.828.2
Exports of Goods and Services (in % of GDP) 29.930.333.025.021.3
Trade Balance (million USD) -8,438-14,900-19,759-16,818-
Trade Balance (Including Service) (million USD) -3,873-9,299-12,462--
Foreign Trade (in % of GDP) 61.565.171.756.749.5

Source: WTO - World Trade Organization ; World Bank , Last Available Data

 

Main Partner Countries

Main Customers
(% of Exports)
2010
Italy 8.4%
Spain 6.2%
Saudi Arabia 5.9%
United States 5.9%
India 4.7%
See More Countries 69.1%
Main Suppliers
(% of Imports)
2010
United States 9.4%
China 9.2%
Germany 7.6%
Italy 5.6%
Saudi Arabia 4.0%
See More Countries 64.2%

Source: Comtrade, Last Available Data

 

Main Products

Main Exports
(% of Exports)
2010
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 11.2%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 8.6%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 6.8%
Mineral or chemical nitrogenous fertilizers (excl....Mineral or chemical nitrogenous fertilizers (excl. those in pellet or similar forms, or in packages with a gross weight of <= 10 kg) 4.1%
Gold, incl. gold plated with platinum, unwrought...Gold, incl. gold plated with platinum, unwrought or not further worked than semi-manufactured or in powder form 3.9%
See More Products 65.4%
Main Imports
(% of Imports)
2010
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 6.9%
Wheat and meslinWheat and meslin 4.1%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 3.4%
Articles of iron or steel, n.e.s. (excl. cast...Articles of iron or steel, n.e.s. (excl. cast articles) 2.6%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 2.5%
See More Products 80.4%

Source: Comtrade, Last Available Data

 
See More Products
More imports (Intracen Data)
More exports (Intracen Data)
 
 

To go further, check out our service Import export flows.

 

Exchange Rate System

Local Currency
Egyptian Pound (EGP)
Exchange Rate Regime
Since the Company Act 381 of 1994, there is no exchange control in Egypt anymore. Free conversion of currencies is carried out, as well as the right to transfer profits and capital, with no limitation of amount nor any permanence time limit.
Level of Currency Instability
It is today compulsory to detain 100% of the amount credited in the bank to be able to open a documentary credit. There are no exchange controls.
Exchange Rate on :

 
Monetary Indicators 20062007200820092010
Egyptian Pound (EGP) - Average Annual Exchange Rate For 1 USD 5.735.645.435.545.62

Source: World Bank - Last Available Data.

 
 

Find out all the exchange rates daily on our service Currency converter.

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Trade Compliance

International Conventions
Member of World Trade Organisation
Party to the Kyoto Protocol
Party to the Washington Convention on International Trade in Endangered Species of Wild Fauna and Flora
Party to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal
Main International Economic Cooperation
There is a cooperation agreement with the European Union in force since 2004. It allows industrial goods to enter duty free within Europe. A free trade agreement was signed with 4 countries of EFTA (European Free Trade Association) in 2007 and with Turkey in 2005. The agreement of Agadir between Egypt, Morocco, Jordan and Tunisia entered in force since April 2007.

Egypt is part of the Greater Arab Free Trade Area (GAFTA), a pact of the Arab League entered into force in January 2005 which aims to form an Arabic free trade area. Egypt also belongs to the East African circle with the common market of eastern and southern Europe (COMESA) which should lead to a customs union.

The country have signed a trade agreement with 21 other countries in the São Paulo Round of the Global System of Trade Preferences among Developing Countries (GSTP).
Party of the ATA Convention on Temporary Admissions and Use of the Carnets
No

As a Reminder, the ATA is a System Allowing the Free Movement of Goods Across Frontiers and Their Temporary Admission Into a Customs Territory With Relief From Duties and Taxes. The Goods Are Covered By a Single Document Known as the ATA Carnet That is Secured By an International Guarantee System.
Look Up the Other Member Countries And Read the Web Pages of the World Customs Organization Devoted to the ATA Carnet.
Party of the TIR Convention
No

As a Reminder, the TIR Convention and its Transit Regime Contribute to the Facilitation of International Transport, Especially International Road Transport, Not Only in Europe and the Middle East, But Also in Other Parts of the World, Such as Africa and Latin America.
The UNCTAD Website Allows You to Read the TIR Convention, See the List of Member Countries And to Find Further Information.
Accompanying Documents For Imports
Merchandise sent to Egypt has to be accompanied by the following documents:
- Single Administrative Document (SAD);
- A commercial invoice. It should be in 4 copies and in English;
- A phytosanitary certificate.  Required for fruits, vegetables, seeds, and other vegetation, and is issued by the Regional Vegetation Protection Service;
- A sanitary certificate.  Required for meats and is issued by the Departmental Management of Vetenary Services;
- The EUR1 form.  In order to benefit from the preferential tariff used on imports from the European Union;
- A radioactive non-contamination certificate. Required for food industry products;
- A dioxine non-contamination certificate.  Required for the import of some products;
- A free sales certificate for cosmetics, issued by the Federation of Perfume Industries;
- The transportation and packing list document.

To go further, check out our service Shipping documents.

Free Zones
Qualifying Industrial Zones (QIZ)
For Further Information
Website of the Egyptian customs office
Official website of the European commission delegation in Egypt.
MFA Ministry of Foreign Affairs.
MOED Ministry of Economic Development.
Non Tariff Barriers
There is no licensing system, although importing some products requires the prior authorization of the Treasury Department.
One of the difficult principles governing imports is the obligation to ship the goods directly from the country of origin (decree 619/98, November 1998), thus preventing the goods from being regrouped. This law has however been relaxed for companies having subsidiaries in other countries by permitting them to ship from the country of their registered office or from their overseas subsidiaries. Together with this the obligation to get the certificates of origin legalized in the country of origin of the goods has been introduced.
In fact, some products are still banned, especially in the field of textiles and poultry, and automobiles must be imported in the year of their manufacture.
Packaged goods must have an Arabic instruction booklet and all handling instructions must be written in English and Arabic.
Sectors or Products For Which Commercial Disagreements Have Been Registered With the WTO
- Canned tuna in soya oil from Thailand (Egyptian ban);
- Anti-dumping investigation on import blocks frames from Turkey;
- Tariff applied on the import of textile and clothing products;
- Customs duties on match boxes from Pakistan.
Assessment of Commercial Policy
Egypt and the WTO

 

مصر و منظمة التجارة الدولية
Barriers to exchanges

 

حدود الصرف, inventoried by the United States

 

مسجلة من طرف الولايات المتحدة
Barriers to exchanges

 

حدود الصرف, inventoried by the EU

 

مسجلة من طرف الوحدة الاروبية
Sanitary and phytosanitary barriers

 

حدود الصحة و الصحة النباتية, inventoried by the EU

 

مسجلة من طرف الوحدة الاروبية

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Learn more about How to Export to Egypt on Globaltrade.net, the Directory for International Trade Services.
 
 

Standards

National Standards Organizations
EOS, Egyptian Organization for Standards & Quality
NIS, National Institute of Standards
Integration in the International Standards Network
Egypt recognizes the ISO standard. It also accepts the European standards, British, Japanese and American standards. When there is no national standard for a product, Egypt normally uses the ISO standard, the IEC or the codex alimentarius.
Classification of Standards
EGP then a number / year.
Online Consultation of Standards
The Egyptian standards can be accessed from the EOS website on payment.
Certification Organizations
EOS Egyptian Organization for Standardization & Quality
EGAC Egyptian Accreditation Council

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