What is the main business of Egypt?

Economic Trivia Egypt’s economy relies mainly on agriculture, media, petroleum imports, natural gas, and tourism.
Top Industries Textiles; Food Processing; Tourism; Chemicals

What does Egypt trade the most?

Its most important exports include petroleum and petroleum products, followed by raw cotton, cotton yarn, and textiles. … Among agricultural exports are rice, onions, garlic, and citrus fruit. Egypt’s most important trading partners include China, the United States, Italy, Germany, and the Gulf Arab countries.

What are the 2 biggest industries in Egypt?

The leading industries in the country are the agricultural, energy, and tourism industries.

What makes up Egypt’s GDP?

Distribution of gross domestic product (GDP) across economic sectors Egypt 2019. … In 2019, agriculture contributed around 11.05 percent to the GDP of Egypt, 35.62 percent came from the industry and 50.47 percent from the service sector.

What are the businesses in Egypt?

14 Egyptian Companies Gone Global

  • Food Sector: Mo’men Group. …
  • Travel: Travco Group. …
  • Banks and Financial Services Sector: Commercial International Bank. …
  • Industrial Sector: Elsewedey Electric. …
  • Diversified: Mansour Group. …
  • Fashion Industry: Azza Fahmy. …
  • Fashion Industry: Okhtein. …
  • Fashion Industry: Temraza.

What religion is in Egypt?

Islam is the official religion in Egypt.

Does Egypt still trade?

Egypt is currently our 47th largest goods trading partner with $8.6 billion in total (two way) goods trade during 2019. Goods exports totaled $5.5 billion; goods imports totaled $3.2 billion.

IMPORTANT:  Quick Answer: How can I send money to Uganda using mobile money?

Is Egypt really a poor country?

Living standards in Egypt are low by international standards, and have declined consistently since 1990. According to United Nations figures, some 20 to 30 percent of the population live below the poverty line.

Is Egypt richer than India?

Egypt has a GDP per capita of $12,700 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.

Does Egypt have a strong economy?

Egypt in the past and today has a rather stable mixed economy with average growth, averaging 3–5% in the past quarter century.

African stories