“Import from egypt” is in progress & 2019 is a True indicative

 

 “Natural Resources” A famous word for importing from Egypt 

It’s easy for Egypt to export its resources to the countries of the world because its unique geographical location, Egypt is a Mediterranean country that connects the north-eastern corner of Africa to the south-western corner of Asia Through the land bridge of the Sinai Peninsula, its land borders with Libya and Sudan are linked, along with its maritime borders with Saudi Arabia, Jordan, Greece, Turkey, and Cyprus,  As well as the natural resources that make you do not hesitate for a second before import from Egypt.

From an economical perspective …Egypt is considered the largest arab country that play an effective role in “international trade” which is ranked 72nd in the most complex economy according to the Economic Complex Index (ECI) for 2017, as Egyptian exports witnessed a noticeable rise in 2019, which rose by 2.7% to reach 36 million pounds.

Oil is the essence of Egypt’s imports:

On the exports side, oil is considered the essence of Egypt’s imports, where Egypt produces 600,000 barrels a day, exporting 155000 barrels of them including ‘crude oil, petroleum gas, refined oil’.  

Italy is one of the main export destinations for Egyption goods with a ratio of 9.4 followed by the United States with 7.1% and India 6.2% Germany, Spain, China and Japan are also the largest exporters of Egyptian oil  after importing crude from Egypt and other products.

of total value of its international exports including the following :-  

• Mineral fuel, including oil:  US$7.2 billion (24.5% of total exports) 
• Plastics: $1.8 billion (6.1%)
• Electrical and equipment machinery : $1.6 billion (5.3%) 
• Precious stones and precious metals: $1.5 billion (5%)
• Fruits and nuts: $1.4 billion (4.8%)
• Fertilizer: $1.4 billion (4.7%)
• Clothing and accessories: $1.1 billion (3.6%)
• Iron and steel: $1 billion (3.6%)
• Vegetables: $911.4 million (3.1%)
• Aluminium: $673.6 million (2.3%) 

By the same token In the same context, Egypt’s exports to the world countries increased last year to a value of $1.8 billion, as Spain occupied the first position with a value of $840.67 million, followed by France with $538.3 million, Meanwhile, the United States of America imported goods from Egypt at a value of 301.5 million dollars. The United Kingdom also imported 221.5 million dollars Egyptian exports to Greece then increased to $387.2 million, followed by Turkey 1.76, Germany ‘610.5’, The Netherlands’ 464.2, and Kenya $316.2 million. 

 40.8% of Egypt’s total exports in 2018 were delivered to Asian countries, while 33.4% were sold to importers in Europe, Goods shipped from Egypt to Africa for 16.2, goods went to North America with a percentage of 6.3, and Latin America received the smallest percentage of 1.4 excluding Mexico.

2019 is a True indicative for the power of importing from Egypt

If you’re merger importer, you will be interested in knowing the source of each commodity that you import from aboard , as well as taking full care of its high quality; this is what Egypt doing especially after the economic recession that has suffered from it in the last years, which was a turning point for its progress in the world of economy

The Egyptian economy is strongly dependent on exports to foreign partners, making it a great opportunity to get a high ranking in the international summit, thus making Egypt a strong example for African countries that suffer from different economic problems.

On the historical background …in 2010 Egypt signed an trade agreement with members of the South American common Market”Mercosur” and According to the agreement, Egypt will be able to export duty-free textiles, fertilizers, agricultural products and auto parts to Argentina, Brazil, Uruguay and Paraguay, where imports reached $5.3 billion in 2016.

In 2018, Egypt exported $29.3 billion worth of products abroad to these countries:

1. Total exports to Italy came in at $2.1 billion. 
2. Total exports to turkey reached $2 billion 
3. The United Arab Emirates imported 1.8 billion dollars from Egypt.
4.  Arab countries came from the first countries importing Egyptian products by as much as 32.5, followed by Western Europe with 27.4 and Eastern European countries with 13.2.

2019 was the biggest sign of Egypt’s strong return to the economy, with total exports to the United States alone rising by 37.5 percent to $1,892 million, nearly $2 billion.