Trade exchange between Egypt and the United States rose by 29.2% in the first seven months of 2018.
Egypt’s trade minister Amr Nassar said during a meeting with the US Egypt Business Council that trade exchange reached $3.8 billion, compared with $2.96 billion for the same period last year.
Nassar also indicated that the US is one of the major markets for Egyptian imports, which totalled $832 million in the seven-month period.
American investments in Egypt now stand at $2.4 billion, distributed over 1,222 projects across various sectors, accounting for nearly 35.4% of American investments in Africa, and 46.2% in the Middle East.
Egypt is the biggest receiver of American investment in the continuent and the second in the MENA region, Nassar added.