Overview: In 2018 Egypt was the number 43 economy in the world in terms of GDP (current US$), the number 62 in total exports, the number 42 in total imports, and the number 71 most complex economy according to the Economic Complexity Index (ECI). In 2018, Egypt exported $35.2B and imported $83.9B, resulting in a negative trade balance of -$48.7B. In 2018, Egypt's exports per capita were $358 and its imports per capita were $853.
In 2018 Egypt exported a total of $35.2B, making it the number 62 exporter in the world. During the last five reported years the exports of Egypt have changed by -$672M from $35.9B in 2013 to $35.2B in 2018.
In 2018 Egypt imported $83.9B, making it the number 42 trade destination in the world. During the last five reported years the imports of Egypt changed by $14.3B from $69.6B in 2013 to $83.9B in 2018.
In 2015, Egypt exported $17.7B worth of services. The top services exported by Egypt in 2015 were Travel ($6.07B), Other transport ($5.94B), Sea transport ($2.78B), Air transport ($1.01B), and Construction services ($537M).
The top services imported by Egypt in 2015 were Sea transport ($6.43B), Miscellaneous business, professional, and technical services ($2.26B), Insurance services ($1.69B), Construction services ($1.52B), and Government services, n.i.e. ($795M).
This section shows forecasts for total product exports and imports for Egypt. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Egypt are:115: Common Market for Eastern and Southern Africa (Group I) FTA Member States136: Most Favoured Nation duty rate treatement211: Preferential tariff for Eritrea (COMESA)214: Preferential tariff for Ethiopia (COMESA)219: Preferential tariff for European Union countries (AA) Association Agreement224: Preferential tariff for for occupied Palestinian territory238: Preferential tariff for Iceland243: Preferential tariff for Iraq247: Preferential tariff for Jordan260: Preferential tariff for Lybia269: Preferential tariff for MERCOSUR countries (Southern Common Market)273: Preferential tariff for Morocco281: Preferential tariff for Norway305: Preferential tariff for Sudan307: Preferential tariff for Switzerland and Liechtenstein308: Preferential tariff for Syria313: Preferential tariff for the League of Arab States321: Preferential tariff for Tunisia322: Preferential tariff for Turkey324: Preferential tariff for Uganda (COMESA)336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries338: Preferential tariff under Agadir agreement (Jordan, Morocco and Tunisia)
During the last 20 years Egypt's economy has become relatively more complex, moving from the 71st to the 71st position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
The top export opportunities for Egypt according to the relatedness index, are Insect Resins (0.37), Other Vegetables (0.35), Chromium Ore (0.34), Other Nuts (0.34), and Tanned Goat Hides (0.33). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Egypt is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Egypt
