Egypt-India Trade Target Set at USD 12 Billion Over Five Years

The two countries are working to raise bilateral trade to USD 12 billion while expanding cooperation across energy, technology and manufacturing.

Bilateral trade between Egypt and India is targeted to reach USD 12 billion over the next five years as the two countries work to deepen their strategic partnership.

The target was discussed during a phone call between Egyptian Minister of Foreign Affairs and International Cooperation Badr Abdelatty and Indian External Affairs Minister Subrahmanyam Jaishankar, which also covered regional and international developments.

The two sides established a strategic partnership during Indian Prime Minister Narendra Modi’s visit to Cairo in June 2023, identifying trade, defence, renewable energy, technology, food security and manufacturing among the priority areas for cooperation.

Abdelatty also highlighted the first round of the Egypt-India Strategic Dialogue, held in New Delhi in October 2025, and called for continued high-level visits and regular bilateral consultations to build on its outcomes.

Alongside the trade target, the ministers discussed regional security and the need for diplomatic efforts to contain tensions. Abdelatty called for avoiding further military escalation, prioritising political solutions and safeguarding freedom of navigation.

India is the world’s third-largest oil buyer and typically sources around half of its crude through the Strait of Hormuz, making disruptions to the waterway particularly significant for its energy supplies, fertiliser imports and shipping costs.