Egypt’s declining oil and gas production is taking a growing toll on the country’s trade balance, with rising energy import requirements pushing the country’s trade deficit to a record $64.8bn (see chart 1). The oil and gas deficit alone widened by 31.5% to $18.3bn.
Egypt’s Soaring Gas Import Bill Pushes Trade Deficit To Record $65bn
Egypt’s oil and gas trade deficit reached a record $18.3bn in 2025-26, contributing to an overall deficit of $64.8bn. Yet strong foreign inflows helped return the balance of payments to surplus.
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Charts
1: Egypt’s Trade Balance Widened To A Record $65bn In 2025-26, Driven By Soaring LNG Import Bill
2: Egypt’s Current Account Deficit Widens Further In 2025-26, Driven By Record Trade Deficit ($bn)
3: Egypt’s Balance Of Payments Rebounded To A $2.8bn Surplus In 2025-26 Amid Rising Foreign Investment ($bn)
4: Egypt’s Services Account Surplus Rose To A 3-Year High $16.7bn Thanks To Record Tourism Receipts And Stronger Suez Canal Revenues ($bn)
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