Egypt is Australia’s 58th largest trading partner, with a total of A$0.6b worth of goods and services traded in 2016, making up 0.1% of Australia’s total trade portfolio. Total merchandise trade (exports + imports) with Egypt totalled A$0.4b in 2016. The biggest exports include wheat, vegetables, copper and meat. Australian firms, particularly those involved in agriculture, could benefit from Egypt’s 90m people and their growing demand for higher quality proteins and produce. Silo Bags Australia in partnership with Connexxion is one Australian firm that has done business in Egypt.
Australian imports from Egypt are miniscule, as is trade in services. Approximately 500 Egyptians enrolled in universities across Australia in 2016, equivalent to 0.1% of total enrolments.
Bilateral investment between Egypt and Australia remains small, and is dwarfed by bilateral trade. The stock of Australian investment in Egypt was worth A$100m in 2016, equivalent to less than 0.01% of Australia’s international investment portfolio. Egypt’s vast mineral wealth may present opportunities for Australian firms and investors.