Egypt – the land of opportunities
If you are an importer, it is the right time to get more information about Egypt, the land of opportunities. It is the time to expand your trade relations and explore qualified genuine Egyptian products.
Today, in this essay we will tackle general information about Egypt depending on global resources of information such as CIA Factbook and Doing Business reports. We introduce these information to you to encourage you explore this exportation market.
The remarkable site of Egypt, with the richness of Nile River, the two seas from north and east, the privacy provided by deserts to the east and west, allowed for the development of one of the world's great civilizations throughout the ages starting from the pharos till modern history.
Egypt location and area:
It is located in the northern Africa, bordering the Mediterranean Sea, between Libya and the Gaza Strip, and the Red Sea north of Sudan, and includes the Asian Sinai Peninsula. Very impressive!!! The total area is 1,001,450 sq km, where land is 995,450 sq km and water 6,000 sq km. the border countries are as follows: Gaza Strip 13 km, Israel 208 km, Libya 1,115 km, Sudan 1,276 km and the Coastline is
2,450 km
Climate and natural resources:
As for the climate, it is desert; hot, dry summers with moderate winters. The land of Egypt is rich in natural resources,petroleum, natural gas, iron ore, phosphates, manganese, limestone, gypsum, talc, asbestos, lead, rare earth elements, zinc.
The population is around 97 million and approximately 95% of the population lives within the Nile River and its delta. The government has struggled to meet the demands of Egypt's population through economic reform and massive investment in communications and physical infrastructure.
Economy in lines:
Egypt's economy depends on agriculture, hydrocarbons, manufacturing, tourism, and other service sectors. This is the reason you can depend on this economy and consider it diversified and active.As for theGDP - composition, by sector, agriculture: 11.9%, industry: 33.1% and services: 55.7% according to 2017 estimates.
The prominent agricultural products are cotton, rice, corn, wheat, beans, fruits, vegetables; cattle, water buffalo, sheep, goats. The remarkable industries are: textiles, food processing, tourism, chemicals, pharmaceuticals, hydrocarbons, construction, cement, metals, light manufactures.
The industrial production growth rate is about 3.5% in 2017. About 25% of labor force work in agriculture and the same percentage work in industry while 50 % work in services.
In the year 2017, the Egyptian exports reached $23.53 billion as compared to $20.02 billion in 2016.
The exports were various and the top products were fruits and vegetables, cotton, textiles, metal products, chemicals, processed food. the most important export partners are UAE 10.9%, Italy 10%, US 7.4%, UK 5.7%, Turkey 4.4%, Germany 4.3%, India 4.3% according to year 2017.
As for the imports, it recorded $53.02 billion according to year 2017 estimates as compared to $56.71 billion in year 2016. The important imports were: machinery and equipment, foodstuffs, chemicals, wood products, fuels. The importation partners were China 7.9%, UAE 5.2%, Germany 4.8%, Saudi Arabia 4.6%, US 4.4%, Russia 4.3% (2017)
Above all, Egypt is connected with the prominent economies of the world through trade agreements; EU, Arab Countries, COMESA countries, Aghadir, Turkey, EFTA, QIZ and Mercosur.
Now is your time to kick start your business with the Egyptian exporters and get the benefits of the qualified Egyptian exports and the applied trade agreements.
Go for www.yallansadar.com, register your company and add your purchase request. You will be revealed to a world of certified Egyptian exporters ready to fulfill your request, requirements and standards.
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