Egypt Trade (Egyptian Trade) Egypt Export, Egypt Import

FOREIGN TRADE
The revival of the Egyptian Economy has solely relied upon the trade of the country. Commodity

exports has reached $ 13.8 billion for the year 2005 which is 31.4% increase over the year 2003.The value of commodity imports have increased to $ 24.2 billion in 2004.The main exportable items were crude oil and petroleum products, cotton and textiles, agricultural goods and raw cottons etc.

Import items include machinery and transport equipment, life stock and food beverages etc.

Top trading partners of Egypt are Italy, US, Germany, Japan and South Korea.

The trade balance have widened from $ 7.8 billion in 2004 to $ 1.4 billion by 33.33%.
CONSUMER PRICE INDEX
The consumer price index have increased have increased from 122.1 in January 2004 to 136.4 in September 2005.The increased in price is marked through an increase in price of communications services and rising energy prices.

CONCLUSION
The opening door policies by the economy have really increased the position of the Economy. Egypt’s long-term steps for liberalizing the domestic business environment will positively act in reducing the present problem of unemployment in the recent future.

Egypt is presently the first country being offered the full membership of the world body.

Source – Information and decision support center, Egypt, IMF, World Bank