Egypt-United States trade exchange increased by 8% to reach $ 3.7bn in the first half (H1) of 2019, up from to $3.4bn during the same period in 2018.
Egyptian exports recorded $1bn in 1H 2019, up from $841.78m a year earlier, increasing by 19.9% year-over-year (y-o-y). Clothing topped Egyptian exports to the US with $451.1m, fertilisers at $79.2m, $61.7m for carpets and other textiles (excluding clothing), and plastics accounted for $55.4m.
On the other hand, Egyptian imports from the US rose to $2.7bn in the same period, increasing by 4.1% y-o-y. Top US exports to Egypt are grains and animal feed with $293.7m, while boilers, machinery, equipment, and spare parts recorded $191.8m, meat accounted for $ 165.7m.
Meanwhile, US investments in Egypt recorded $1.07bn in H1 of fiscal year (FY) 2018/19, compared to 1.018bn during the same period of the FY 2017/18, an increase of 5.2%.