Egypt, G7 Trade Hits $29.7 Billion in 2024
CAIRO - 17 June 2025: According to the latest figures released by the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt's exports to the Group of Seven (G7) countries climbed to approximately $9.5 billion in 2024, up from $8.6 billion in 2023. This reflects a year-on-year growth of 10.5 percent.
Italy emerged as Egypt's top G7 export destination, with imports valued at $3.4 billion. It was followed by the United States at $2.2 billion, the United Kingdom at $1.6 billion, France at $1 billion, Germany at $989 million, Canada at $197 million, and Japan at $67 million. Key Egyptian exports to these markets included mineral fuels, ready-made clothing, electrical machinery, fruits, vegetables, fertilizers, aluminum, and plastic goods.
On the import front, Egypt's total imports from G7 nations surged to $20.2 billion in 2024, rising from $17.4 billion the year before—a 16.1 percent increase. The United States was Egypt's largest source of imports within the G7, accounting for $7.6 billion. Germany followed with $4.4 billion, Italy with $3.2 billion, the United Kingdom with $2 billion, France with $1.8 billion, Japan with $819 million, and Canada with $369 million.
These imports spanned a diverse array of sectors, most notably mineral fuels and oils, electrical appliances, vehicles and transport equipment, pharmaceuticals, iron and steel, and various agricultural products such as oil seeds and medicinal plants.
In total, bilateral trade between Egypt and the G7 reached $29.7 billion in 2024, marking a 14.2 percent increase over the previous year's $26 billion.
Foreign direct investment (FDI) from G7 countries in Egypt also saw solid growth. In the fiscal year 2023/2024, G7 investments totaled $9.2 billion, up from $8.1 billion the previous year—an increase of 13.6 percent. The United States led all investors with $3 billion, followed by the United Kingdom at $2.9 billion, and Italy at $2.1 billion. France, Germany, Canada, and Japan contributed $483.8 million, $421.6 million, $122.5 million, and $73.2 million respectively.
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