Egypt trade deficit hits 10-year low as non-oil exports post strongest growth

Egypt recorded its sharpest decline in the trade deficit and its strongest growth in non-oil exports in a decade during the first ten months of 2025, as per a statement.

Reviewing the evolution of Egypt’s trade balance from January to October 2025 compared with the same periods over the past ten years, Minister of Investment and Foreign Trade Hassan El-Khatib said the trade deficit fell to its lowest level in ten years, declining by 16% compared with the same period in 2024.

Over the same period, non-oil exports reached about $40.7 billion, marking a 19% increase year on year and representing the highest level achieved in a decade.

He added that exports recorded their largest annual increase in ten years, rising by more than $6.5 billion, also up 19% compared with the same period last year.

Total trade volume reached $107.6 billion between January and October 2025, the highest level in a decade, reflecting an 8% increase year on year.

The improvement was driven by a 19% rise in exports alongside a 2% decline in imports compared with the first ten months of 2024.