RIYADH: The volume of trade between Egypt and the US reached $5.6 billion in the first half of 2025, reflecting a 14 percent year-on-year rise, a top official revealed.
In a meeting aimed to follow up on economic, trade, and investment cooperation topics between both countries, Head of the Egyptian Commercial Service, Minister Plenipotentiary for Commercial Affairs Abdel Aziz El-Sherif explained that significant opportunities exist to expand Egyptian exports to the US market, given the strong trade capabilities of companies in various sectors, according to a statement.
The meeting was attended by the new Commercial Counselor of the US, Paul Oliva, along with Jennifer Patterson, responsible for the trade and investment portfolio at the Economic Office of the US Embassy in Cairo.
The minister’s comments align with the fact that trade between Egypt and the US reached $8.6 billion in 2024, including $2.5 billion in Egyptian exports.
It also aligns with the North African country’s trade deficit, narrowing 16 percent to $26.3 billion in the first 10 months of 2025, supported by strong non-oil export growth and an improving external position.
The newly released statement said: “El-Sherif emphasized that the meeting comes at a time when Egyptian-American relations are witnessing growing momentum and noticeable development across various economic and investment fields. He noted the mutual aspiration to capitalize on this momentum to increase trade volumes and boost US investments in the Egyptian market.”
It added: “El-Sherif also noted that US investments in Egypt reached $9.44 billion, with an American equity contribution of $2.47 billion as of the end of February 2025. These investments are spread across 2,016 companies operating in sectors such as finance, industry, services, and construction as well as Information and Communications Technology, tourism, and agriculture.”
During the meeting, the minister went on to highlight that the ECS is developing a detailed plan aimed at boosting and doubling trade and investment between the two nations in the near future. The strategy emphasizes leveraging trade agreements and highlighting key investment prospects in advanced technologies, renewable energy, supply chains, and export-driven sectors.
He emphasized that the plan also seeks to deepen ties between the business sectors of both nations and encourage more US firms to invest in Egypt, capitalizing on its strategic position and unique advantages as a hub for regional markets.
From his side, Oliva underlined that Egypt holds a key position as the US’s fifth-largest trading partner in the region. He noted the increasing interest of US companies in boosting trade and investment in Egypt, driven by the country’s ongoing economic reforms and emerging opportunities.
