Egypt’s Trade Relations with G7 Nations Show Significant Growth

Egypt’s trade with the Group of Seven (G7) nations experienced substantial growth in 2024.  The G7, or Group of Seven, is an intergovernmental body made up of seven of the world’s largest advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.  According to new data from the Central Agency for Public Mobilization and Statistics (CAPMAS), bilateral trade reached approximately USD 29.7 billion (EGP 1 trillion), a 14.2 percent increase from USD 26 billion (EGP 1.31 trillion) in 2023.  This growth underscores Egypt’s expanding role in the global market, particularly with the world’s leading economies, the G7, which include the United States, Germany, France, the United Kingdom, Italy, Canada, and Japan. The figures reveal that Egypt’s exports to G7 countries rose to around USD 9.5 billion (EGP 478 billion), marking a 10.5 percent increase from USD 8.6 billion (EGP 433 billion) the previous year.  Italy emerged as the largest importer of Egyptian goods, accounting for USD 3.4 billion (EGP 171 billion), followed by the United States with USD 2.2 billion (EGP 110 billion) and the United Kingdom at USD 1.6 billion (EGP 80 billion).  Key exports…

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