Introduction:
This is an informative report that will shed light on trade balance between Egypt and economic nations alliance. The report will show the trade data between those alliances and Egypt. Egypt has 8 activated agreements, this report will shed light on 5 of those.
Egypt for the past four years have gone through major steps on the path of fixing its economy and infrastructure to be able to position itself as the key player and gate for the overhaul of the African continent. Developing a major road network and logistical areas and ports shows the importance of trade to Egypt, also having major partners in the industrial base of the nation like (China, Germany, and France) show a keen and insistent will of Egypt to reach its placement in the world. Revamping its investment laws in accordance to world trade and commerce rules insures the ease of doing business.
Egypt trade data:
As of 2018, Egypt had a negative trade balance of $50 B in net imports.
Egypt has bilateral trade with 189 countries over the world supported by more than 74 different agreements with many countries over the world, Egypt borders Libya, Sudan and Israel, Gaza by land and Cyprus, Jordan, Saudi Arabia, Turkey and Greece by sea.
Exports: Egypt is the 66th largest export economy in the world in 2018 Egypt exported $29.7 B, Egypt exports 95 out of 99 commodities, and a product mix of 5008 product to more than 172 countries over the world.
Imports: In 2018 Egypt imported $80.9 B, making it the 42nd largest importer in the world. Egypt is a market for 170 exporting countries, Egypt imports 95 out of 99 commodities, and a product mix of 5608 product from 170 countries over the world.
Trade Balance: As of 2018 Egypt had a negative trade balance of $50B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $10B in net imports; Egypt has a positive trade balance with 84 countries, negative balance with 105 countries.
Product Space: Egypt exports 253 out of 5008 products mix with obvious comparative advantage in global market.
Transportation:
Major ports: 8
Carrier: 25 out of 48
Port of call: 2,626 out of 3504
Egypt agreements:
Agreement: Agadir
Members: 4 countries (Egypt, Morocco, Tunisia, and Jordan)
Population: Egypt 100 million – other countries 53.4 million
PPP: Egypt 1.3 trillion USD. – other countries 552 billion USD.
Exports: 1.3 billion USD. – 4.4 % of Egypt exports
Imports: 256 million USD. – 0.31% of Egypt Imports
Trade balance: 1.07 billion USD
Major ports: 7
Export growth in 2018: 19%
Agreement: COMESA
Members: 19 countries (Burundi, Comoros, Congo, Dem Rep., Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia, and Zimbabwe)
Population: Egypt 100 million – other countries 434 million
PPP: Egypt 1.3 trillion USD. – other countries 1.04 trillion USD.
Exports: 1.6 billion USD. – 5.4 % of Egypt exports
Imports: 792 million USD. – 0.9% of Egypt Imports
Trade balance: 808 million USD
Major ports: 18
Export growth in 2018: 36.4%
Agreement: EU Agreement
Members: 28 countries (Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.)
Population: Egypt 100 million – other countries 520 million
PPP: Egypt 1.3 trillion USD. – other countries 20 trillion USD.
Exports: 10.3 billion USD. – 35% of Egypt exports
Imports: 21.4 billion USD. – 26.5% of Egypt Imports
Trade balance: -11.1 billion USD
Major ports: 124
Export growth in 2018: 8%
Agreement: GAFTA
Members: 18 countries (Algeria, Bahrain, Egypt, Jordan, Iraq, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen.)
Population: Egypt 100 million – other countries 285.2 million
PPP: Egypt 1.3 trillion USD. – other countries 5.7 trillion USD.
Exports: 9.5 billion USD. – 32.4% of Egypt exports
Imports: 9.6 billion USD. – 11.9% of Egypt Imports
Trade balance: -100 million USD
Major ports: 42
Export growth in 2018: -3.5%
Agreement: MERCOSUR
Members: 5 countries (Argentina, Brazil, Egypt, Paraguay and Uruguay)
Population: Egypt 100 million – other countries 266.5 million
PPP: Egypt 1.3 trillion USD. – other countries 4.5 trillion USD.
Exports: 409.7 million USD. – 1.3% of Egypt exports
Imports: 3.2 billion USD. – 4% of Egypt Imports
Trade balance: -2.7 billion USD
Major ports: 31
Export growth in 2018: 94%
