An Analytical Study of the Impact of Egypt's Accession to the BRICS Bloc

Document Type : Original Research

Author

Agricultural Policy and Project Evaluation Department, Agricultural Economics Research Institute, Agricultural Research Center, Egypt

Abstract

Despite the existence of bilateral partnerships between Egypt and the BRICS, the volume of Egyptian exports does not exceed 0.12%, 0.3% of the bloc's total and agricultural imports. Therefore, the aim of this study is to analyze the impact of Egypt's entry into the BRICS both the trade and agricultural balances and on Egypt's opportunities. Analyzing the structure of foreign trade between Egypt and the BRICS countries, it was found that Egypt's net trade and agricultural balance suffers from a deficit. Evaluation of the efficiency standards of Egypt's foreign trade with the BRICS. The average coverage rate of all trade and BRICS was about 40.3%, 17.4%. While the average dependency ratio on the Egyptian economy was about 23.5%, it was 5.5%. The economic exposure level indicator shows that 20% of the economic exposure rate is due to the BRICS countries and the international participation indicator shows the dependence of Egyptian trade on the BRICS countries by about 68%. By analyzing the structure of agriculture in trade between Egypt and the BRICS countries, it is clear that the fruit group is the most important export group in terms of value, worth about $231.6 million. When examining Egypt's export opportunities to the BRICS countries according to the demand rates in the market, it was found that the BRICS markets in the volume of total demand for vegetables are decreasing, and the demand for fruit is increasing.

Keywords

Main Subjects

Files

Share

How to cite

Statistics