Farag, R., Rashad, R. (2023). An Econometric analysis of Egyptian-Chinese foreign trade. Egyptian Journal of Agricultural Research, 101(3), 1007-1017. doi: 10.21608/ejar.2023.234749.1436
Farag, R., Rashad, R. (2023). 'An Econometric analysis of Egyptian-Chinese foreign trade', Egyptian Journal of Agricultural Research, 101(3), pp. 1007-1017. doi: 10.21608/ejar.2023.234749.1436
Farag, R., Rashad, R. An Econometric analysis of Egyptian-Chinese foreign trade. Egyptian Journal of Agricultural Research, 2023; 101(3): 1007-1017. doi: 10.21608/ejar.2023.234749.1436
An Econometric analysis of Egyptian-Chinese foreign trade
1Agricultural Economics Research Institute, Agricultural Research Center, Giza, Egypt.
2Agricultural Economics Research Institute (AERI), Agricultural Research Centre, Egypt.
Abstract
Despite China being one of Egypt's most important trading partners for a consecutive decade, the trade balance tends to favor the Chinese side. In 2022, the total trade volume between the two countries reached approximately $16.2 billion, with Egyptian exports accounting for about $1.8 billion, and Egyptian imports from China reaching approximately $14.4 billion. Of particular concern is the trade deficit in the agricultural sector, with Egypt heavily relying on agricultural imports from China. Agricultural trade amounted to about $447 million, with $198 million in agricultural exports to China and approximately $249 million in agricultural imports from China. This situation necessitates an evaluation of the trade relationship between Egypt and China, especially in light of the economic challenges Egypt has faced in recent years, such as the COVID-19 pandemic and the global economic crisis. Therefore, this research aims to assess the trade exchange between Egypt and China.The most important findings of the research are as follows: The relative importance of Egyptian exports to China has been increasing at a rate of 7.7%, higher than the relative importance of Egyptian imports from China, which has grown at around 0.62%. However, the relative importance of Egyptian agricultural imports from China has been decreasing at a rate of 0.17% during the period from 2013 to 2022.
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