South Korea Emerged As The Major Trade Partner Of Egypt With Record $3b Trade Exchange In 2022

 As per our Egypt customs data reports, South Korea has emerged as the major trade partner of Egypt in 2022. South Korea and Egypt trade hit a record 3 billion US Dollars for the first time. Cars were the most traded product with worth over 172 million US Dollars.

According to our Egypt export data records, Egypt exports to South Korea were around 1.47 billion US Dollars in 2022. As compared to 587 million US Dollars in 2020, there was around 14% more rise in exports from Egypt to South Korea.

The major exports products from Egypt were Vehicles, Plastics, Machinery, Railway, Electrical Equipment, Chemicals, Iron Steel, Optical, Medical Instruments, Rubbers and Pharmaceuticals

On the other hand, Egypt imports from South Korea were 1.68 billion US Dollars in 2022. While in 2021, South Korea exports to Egypt were recorded to be 647 million US Dollars. Our Egypt import data reports suggest that Cars, Vehicle parts, Electrical Equipment, Animal fodder, Construction materials, Ores, slag and ash were the most demanded goods in the Egypt market.

Egypt Export Market Analysis 2022

According to the Egypt import export data reports, the country's total exports will be worth 53 billion US Dollars in 2022. There was around a 20% rise in exports from Egypt. The main exports of Egypt were Fertilizers, Crude Oil, Refined Petroleum, Garments, Plastics, Fruits, Food Preparations, Potatoes and Carpets.

Egypt exports by country suggests that Spain, Turkey, South Korea, France, China and the United Arab Emirates were the major importers of Egypt products. Spain and Turkey alone contribute over 3 billion US Dollars imports from Egypt. Textiles, Chemicals, Furniture were the fastest growing market of Egypt. As per the trade experts, Egypt exports could reach 100 billion US Dollars by 2025.

Egypt Import Market Analysis 2022

Egypt imports were around 43 billion US Dollars in 2022 while it was estimated to be 37 billion US Dollars in 2021. Wheat, Petroleum Products, Vehicles, Pharma Products and Broadcasting equipment were the most imported products by Egypt.

Barley, Corn, and Sorghum were the major agricultural products imported by Egypt. China was the largest exporter to Egypt with over 13% share of total Egypt imports followed by the United States, Saudi Arabia, Germany, Turkey and Italy.

 

Omega Line, Agroalex Group, Watex, Pure Herbs and Femex were the top import export companies of Egypt. Experts predict a 30% rise in imports and exports from Egypt by 2023.

Discover Verified Importers & Exporters from Egypt with Exim GTIS

Exim GTIS is a market research platform developed by the best global import export data provider company. It is a Global Trade Intelligence System that helps businesses of all masses to determine the best products, quantity, price, competitors, risk and potential leads for their company.

Whether you have a business in or outside the Egyptian market, the import export data reports of 200+ countries could help you in detailed market research. You could discover genuine buyers and suppliers from Egypt or any other country at ease and can analyze their shipment records. Exim GTIS is the best way to boost your company’s ROI.