The India-Egypt Most Favoured Nation status is strengthened by a desire to push forward bilateral trade, investment and medical cooperation
There are 47 Indian companies operating in Egypt
Egypt's 2030 vision plans for a competitive, balanced and diversified economy
India and Egypt share close political understanding based on long history of contacts and cooperation in bilateral, regional and global issues
Egypt has traditionally been one of India’s most important trading partners in the African continent
US$ 10.06mn
FDI inflows from April 2000 to March 2021
US$ 7,264.75mn
Bilateral trade value in 2021-2022
3200
Overseas Indians living in Egypt
Concurrent Accreditation The Mission in Egypt also handles India's bilateral relations with the Arab League
US$ 37 million
Investments by Egyptian companies in India
Good Infrastructure
Egypt continues to invest in upgrades, more than US$15b in roads, electricity networks and irrigation projects. Cellular networks cover nearly 100% of Egypt's inhabited land
Good market access
through a strategic geographic location, and being the second largest signatory to multi-lateral trade agreements
Natural resources
Egypt possesses an abundance in natural resources that can easily meet the needs of agricultural, industrial and mining activities.
India's Exports and Imports to Egypt
Source: Department of Commerce
Dated: 24/01/2023
Values in US $ Millions
Country / Region: EGYPT A RP
S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
---|---|---|---|---|---|---|
1. | EXPORT | 2,392.34 | 2,886.39 | 2,504.23 | 2,264.37 | 3,743.92 |
2. | %Growth | 20.65 | -13.24 | -9.58 | 65.34 | |
3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
5. | %Share | 0.79 | 0.87 | 0.80 | 0.78 | 0.89 |
6. | IMPORT | 1,292.93 | 1,677.82 | 2,031.38 | 1,892.40 | 3,520.83 |
7. | %Growth | 29.77 | 21.07 | -6.84 | 86.05 | |
8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
10. | %Share | 0.28 | 0.33 | 0.43 | 0.48 | 0.57 |
11. | TOTAL TRADE | 3,685.27 | 4,564.22 | 4,535.61 | 4,156.77 | 7,264.75 |
12. | %Growth | 23.85 | -0.63 | -8.35 | 74.77 | |
13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
15. | %Share | 0.48 | 0.54 | 0.58 | 0.61 | 0.70 |
16. | TRADE BALANCE | 1,099.40 | 1,208.57 | 472.86 | 371.98 | 223.09 |
17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
+202-2405-5452
00-202-27360052, 27363051, 27356053
5 Aziz Abaza Street, Zamalek, PO Box No. 718, Cairo, Egypt
Consular Section: 2nd Floor, Abu El Fida Building, No. 3, Abu El Fida Street, Zamalek, Cairo
Livers of bovine animals, frozen (020622)
Meat of bovine animals, frozen, boneless (020230)
Meat of fowls of species Gallus domesticus, not cut in pieces, frozen (020712)
Maize (corn), other than seed (100590)
OTHER DURUM WHEAT EXCL SEED (100119)
Butter (040510)
Cheese (excl. of 0406.10-0406.40) (040690)
Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
Apples, fresh (080810)
CANE SUGAR SPECIFIED IN SUBHEADING NOTE 2 TO THIS CHAPTER: (170113)
Seed potatoes, fresh/chilled (070110)
Broad beans (Vicia faba var. major) & horse beans (Vicia faba var. equina/v … (071350)
agriexchange.apeda.gov.inLentils, dried, shelled, whether or not skinned/split (071340)
agriexchange.apeda.gov.inCrustacean – Frozen, shrimps and prawns, excluding cold water varieties, in shell or not, smoked, cooked or notbefor or during smoking, in shell, cooked by steaming or boiling in water
Fish – frozen mackerel (scomber scombrus, scomber australasics, scomber japonicus) excluding fillet, liver, roes and other fish meat
Fish preparation – tunas, skipjack and atlantic bonito (sarda spp.) prepared or preserved, whole or in pieces (but not minced)
Fish; frozen, herrings (Clupea harengus, clupea pallasii), excluding fillets, livers, roes and other fish meat
Fish: frozen, of Bregmacerotide, Eulicthyidae, Gadidae, Macrouridae, melanonidae, Merlucciidae, Moridae, Muraenolepididae, other than cod, haddoc, coalfish, hake,Alaska pollack, blue whitings, excluding fillets, livers, roes, other fish meat
*Information subject to changes amid the global COVID-19 pandemic.
Egypt’s growing economy and consumer base has attracted several multinational companies that employ foreign workers apart from their local workforce. Manufacturing, Education, Healthcare employ foreign workers. The famed tourism sector is also a major employer.
The Indian community in Egypt numbers at around 4,301, majority of whom are either employed with Indian companies or are professionals with various multinationals.
More Info: Services for foreign workers eVisa Portal Work Permits
Public and private infrastructure building, maintenance
Egypt’s construction sector has been buzzing with activity owing to several commercial and connectivity projects. Construction of civic infrastructure and connectivity projects has been supported by foreign workers at different levels in Egypt.
Ministry of Housing, Utilities and Urban CommunitiesForeign Work PermitsTax, accounting, banking, insurance, audit and other financial services. Egypt’s financial services sector is growing rapidly to keep pace with the nation’s economic growth. Financial services in Egypt are supported by foreign workers at different capacities.
Ministry of FinanceForeign Work PermitsDoctors, nurses, radiologists, lab technicians
Egypt is bolstering its healthcare sector with foreign and private resources and expertise. Egypt attracts large number of healthcare workers ranging from doctors to nurses and lab technicians.
Egyptian Ministry of Health and PopulationForeign Work PermitsCulinary, server, personalcare, hotel, tour and travel staffing. Egypt is one of the world’s leading tourism destinations with more than 10 million foreign tourists visiting the nation in 2018. The hospitality sector in Egypt, ranging from hotels to tourism to personal care, contributes heavily to the economy and employs large number of foreign workers. As per reports of World Travel and Tourism Council (WTTC), tourism sector make up more than 11% of Egypt’s GDP and the total employment in sector is expected to increase to 3.22 million by 2029 from current 2.48 million.
Ministry of TourismForeign Work PermitsSoftware, hardware, new technology in telecoms and communications
The ICT industry make up more than 4% of Egypt’s GDP. The IT and ICT infrastructure in Egypt has been set up and is supported by foreign workers.
Ministry of Communications and Information TechnologyForeign Work PermitsAutomobile to food products production
The manufacturing sector contributed more than 16% of Egypt’s GDP in 2018, as per bank Audi.The manufacturing industry in Egypt, covering a range of products, draws foreign manpower.
Ministry of Trade & IndustryForeign Work PermitsHydrocarbon production is one of the largest industrial activity in the country. Egypt’s proven hydrocarbon reserves stood at 3.3 billion barrels of oil & 62.8 trillion cubic feet (tcf) of natural gas at the end of 2017. Currently, more than 50 International Oil Companies (IOCs) are operating in Egypt.
Ministry of Petroleum and Mineral ResourcesForeign Work PermitsEgypt possesses an abundance of land, sunny weather and high wind speeds, making it a prime location for renewable energy sources. The renewable energy equipment market is potentially worth billions of dollars. Egypt intends to increase the supply of electricity generated from renewable sources to 20% by 2022 and 42% by 2035, with wind providing 14 percent, hydro power 2 percent, and solar 25 percent by 2035. The private sector is expected to deliver most of this capacity.
New and Renewable Energy Authority (NREA) (Ministry of Electricity and Renewable Energy)Foreign Work PermitsPublic and private transport operations staffing
Egypt is a maritime country located at the junction of three continents and has coasts running up to 2000 km on the Mediterranean and the Red Sea which has allowed global trade.
Maritime Transport Sector (Ministry of Transport)Foreign Work PermitsFaculty positions up to university
With more than half the country’s population under the age of 25, the education sector is fast modernising itself to prepare workforce for the future. The education sector in Egypt, ranging from schools to universities draw foreign teaching staff from different disciplines.
Ministry of Education & Technical EducationMinistry of Higher Education and Scientific ResearchForeign Work PermitsProduction: 1 million tons
Reserve: 2 billion tons
Export: 300,000 tons
Production: 9 million ton
Reserve: 900 million ton
Production: 2.52 trillion standard cubic feet (tscf)
Reserve: 817 billion standard cubic feet (bscf)
Export: 172.8 billion cubic feet (FY 2018-19)
egyptoil-gas.comExport: Fertilizer – US$ 1.15 billion
oec.worldProduction: 32,178,000 tons
wmc.org.plProduction: 5 million tons
Reserve: 1.5 billion
Export: 3 million tons
Here are the leading sectors of opportunities for foreign investors
TCI Sanmar
Alexandria Carbon Black
Kirloskar
Dabur India
EgyptIndia Polyester Company (EIPET)
Godrej
Mahindra and Monginis
ElSewedy Group
KAPCI Coatings
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