Egypt is Australia’s 55th largest trading partner. Total goods and services trade amounted to $820 million in 2018, making up 0.1% of Australia’s total trade portfolio. Total goods and services trade grew 6% per annum over the five years to 2018. Australia’s largest exports include wheat, vegetables, wool and paper. Australian firms, particularly those involved in agriculture, could benefit from Egypt’s large population (90 million people) and their growing demand for higher quality proteins and produce. Silo Bags Australia in partnership with Connexxion is one Australian firm that has successfully conducted business in Egypt.
Australian imports from Egypt are small, as is trade in services. Approximately 400 Egyptians are enrolled in universities across Australia in 2018, 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 totalled $210 million in 2018, equivalent to less than 0.01% of Australia’s international investment portfolio. That is double the level of 2017, owing to increases in equity purchases. Egypt’s vast mineral wealth may present further investment opportunities for Australian firms.