Egypt is Australia’s 57th largest trading partner. Total goods and services trade amounted to $778 million in 2019, making up 0.1% of Australia’s total trade portfolio. Prior to the COVID-19 pandemic, total goods and services trade grew more than 4% per annum over the five years to 2019. The pandemic disrupted bilateral trade in 2020. Australia’s largest exports to Egypt include vegetables, wool, wheat and meat. Australian imports from Egypt are very small.
Egypt imports 40% of its food, and a number of Australian companies supply meat, grains and pulses and vegetables to Egyptian retailers. There are also Australian owned food and beverage companies operating in Egypt, including the supermarket chain Gourmet Egypt. Given a rapidly growing population, Egypt’s demand for food and beverages will continue to grow, particularly for higher quality proteins and produce. Silo Bags Australia in partnership with Connexxion is one Australian firm that has successfully conducted business in Egypt. Opportunities also exist for Australian companies to provide training programs and equipment for modern irrigation techniques in agriculture production.