Egypt is Australia’s 55 th largest trading partner, with a total of A$0.7b worth of goods and services traded in 2017, making up 0.1% of Australia’s total trade portfolio. Total trade (exports + imports) grew some 20% from 2016 to 2017. The biggest exports include wheat, vegetables, wool and paper. Australian firms, particularly those involved in agriculture, could benefit from Egypt’s 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 done business in Egypt.
Australian imports from Egypt are miniscule, as is trade in services. Approximately 400 Egyptians are enrolled in universities across Australia in 2017, 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.