Research Note: Egypt-U.S. Bilateral Relations Post-COVID and Beyond

June 15, 2021

Egypt’s trade and investment relationship with the United States has deepened since Egypt signed the peace treaty with Israel in March 1979. Though military-to-military ties were the founding grounds of bilateral relations, the two countries have sought ways to increase their economic and trade ties, notably through various partnerships and investment agreements. The U.S. is Egypt’s second-largest trading partner after China, with a total trade volume of USD 6.9 billion in 2020. This accounted for 2% of Egypt’s GDP in FY 2019/20 and 7% of MENA-U.S. merchandise trade in 2020. Regionally, Egypt is one of the largest trading partners for the U.S: In 2020, it was the fourth largest trading partner by volume in the Middle East and the largest in Africa. Egypt accounted for 5% of all MENA exports to the U.S. in 2020 and 9% of the region’s imports from the U.S. For the U.S., Egypt was its 59th largest trading partner by volume in 2020, and the U.S. continues to be a net exporter to Egypt.

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