Egypt's main exports are petroleum and petroleum products, cotton and cotton textiles, farm produce, cotton clothing, and aluminum products. Egypt's main trading partners have been the U.S., Italy, France, Greece, Germany, Great Britain and Japan.
Although Egypt is not considered one of the world's major oil producing countries, it has proven oil reserves of over 6 billion barrels and brings in half the country's export revenue with an annual production of about 300 million barrels. Natural gas, phosphate, iron ore, salt and uranium are also mined in Egypt.
Egypt's early attempts to industrialize during the 19th century were thwarted by the colonial powers who aimed to monopolize African and Asian markets, while exploiting their natural resources. It wasn't until the early 20th century that a limited
Fishing is an important industry in Egypt centered in the Red Sea and the Mediterranean. The annual catch was registered at nearly 300,000 metric tons.
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