Target Markets

Introduction

Egypt's Vision 2030 aims to build a competitive, diversified economy that leverages international trade and investment to achieve sustainable development.

As part of this strategy, the Ministry of Investment and Foreign Trade has identified key target markets that represent strategic opportunities to expand Egypt's export footprint and strengthen its position in global trade.

"Targeting high-potential markets is the cornerstone of Egypt's foreign trade strategy under Vision 2030, driving sustainable growth and global competitiveness."

Why Target International Markets?

Strategic market targeting is essential for achieving Egypt's economic development goals under Vision 2030:

Boosting Exports

Achieve export contribution of 20–30% of GDP by 2030.

Diversifying Trade Partners

Reduce reliance on limited markets and expand into high-growth regions.

Enhancing Competitiveness

Align with global standards and develop integrated value chains.

Target Markets under Vision 2030

Egypt has identified five key regional markets that offer significant growth opportunities:

1. African Markets

Significance:

Africa offers the largest growth potential under the African Continental Free Trade Area (AfCFTA). Opportunities: Food products, engineering industries, building materials, and logistics services.

Initiatives:

2. Arab Markets

Significance:

Leverage benefits of the Greater Arab Free Trade Area (GAFTA) and Agadir Agreement. Opportunities: Food industries, textiles, chemical products.

Initiatives:

3. European Markets

Significance:

Through the EU–Egypt Association Agreement, offering tariff advantages and market access. Opportunities: High-quality industrial goods, textiles, agricultural products.

Initiatives:

4. Asian Markets

Significance:

Rapid economic growth in Asia creates major export opportunities. Opportunities: Fertilizers, chemicals, agricultural products, and technology services.

Initiatives:

5. Latin American Markets

Significance:

Via the Mercosur Agreement, enabling tariff preferences for Egyptian exports. Opportunities: Food products, engineering industries, chemicals.

Initiatives:

Strategic Targets by 2030

Egypt aims to achieve ambitious trade targets under Vision 2030:

Increase Egypt's export value to USD 145 billion.

Substantial growth in export revenues across all sectors.

Achieve annual growth of 20% in non-oil exports.

Sustainable expansion of non-traditional export sectors.

Position Egypt among the top 20 global trading nations.

Enhanced global ranking in international trade metrics.

Rank within the top 50 countries for business readiness globally.

Improved business environment and trade facilitation.

Supporting Initiatives

Several key initiatives support the achievement of market targeting goals:

Establish Specialized Export Zones

10 zones across key governorates to promote export-oriented industries.

Target 10 High-Potential Markets

Develop a roadmap for priority destinations with customized strategies.

Develop Export-Oriented Industrial Clusters

Strengthen backward and forward linkages for added value in production chains.

Promote Non-Traditional Exports

Especially in technology and digital services sectors.

Challenges and Solutions

Addressing key challenges through strategic solutions:

Challenges:

Intense global competition.

Compliance with international quality standards.

Currency fluctuations and raw material price volatility.

Solutions:

Upgrade trade and logistics infrastructure.

Expand export support programs.

Invest in innovation and technology.

Target Markets for Egypt under Vision 2030

Target Markets

Introduction

Why Target International Markets?

Boosting Exports

Diversifying Trade Partners

Enhancing Competitiveness

Target Markets under Vision 2030

1. African Markets

2. Arab Markets

3. European Markets

4. Asian Markets

5. Latin American Markets

Strategic Targets by 2030

Increase Egypt's export value to USD 145 billion.

Achieve annual growth of 20% in non-oil exports.

Position Egypt among the top 20 global trading nations.

Rank within the top 50 countries for business readiness globally.

Supporting Initiatives

Establish Specialized Export Zones

Target 10 High-Potential Markets

Develop Export-Oriented Industrial Clusters

Promote Non-Traditional Exports

Challenges and Solutions

Challenges:

Solutions:

Investment Climate