EXPORTING TO EGYPT Economic Overview & Trade...

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Export Initiatives & Partnerships Division, Phone: +97144455333; Fax: +97144455355 Email: [email protected]; Web: www.dedc.gov.ae PO Box 123336, Dubai – UAE Primary Information Sources: Prepared March, 2019 EXPORTING TO EGYPT Economic Overview & Trade Analysis EIP/MTRTA/021/03/2019 (MARKET REPORT) Disclaimer: While all attempts have been made to collect & present accurate information, DE makes no warranty, express or implied, as to the fitness, appropriateness of the above information for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any contained information. All 3 rd . party information sourced are either through subscriptions of the organization or information freely available on the internet, with no DE claims to such information, as its own.

Transcript of EXPORTING TO EGYPT Economic Overview & Trade...

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    ExportInitiatives&PartnershipsDivision,

    Phone:+9714‐4455333;Fax:+9714‐4455355E‐mail:[email protected];Web:www.dedc.gov.ae

    POBox123336,Dubai–UAE

    Primary Information Sources: Prepared – March, 2019

                                                         

                                        

    EXPORTING TO EGYPT Economic Overview & Trade Analysis

    EIP/MTR‐TA/021/03/2019(MARKETREPORT)

    Disclaimer: While all attempts have been made to collect & present accurate information, DE makes no warranty, express or implied, as to the fitness, appropriateness of the above information for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any contained information. All 3rd. party information sourced are either through subscriptions of the organization or information freely available on the internet, with no DE claims to such information, as its own.

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    TABLE OF CONTENTS

    # Description Page

    Introduction 3

    1 Economic Overview & Macro Economics 4

    2 Performance & Prospects of Selected Consumer

    items – Euromonitor International 7

    3 Economic Freedom Scores (Heritage Foundation) 11

    4 Risk Reports (COFACE) 13

    6 Doing Business, World Bank – Trading Across

    Borders 15

    7 Trade Analysis of Products Imported by Egypt 21

    8 UAE’s Export Potential Graphs for Selected

    Products to Egypt 27

  •                                                                                                             Introduction

    The Core view of the Egyptian economy according to Fitch Solutions is that the Egyptian economy will

    continue to outperform the region in 2019-2020 with real GDP growth averaging above 5.0%. Investment

    will remain a key growth driver in the near term, while exports will expand more gradually. An Economic –

    SWOT Analysis by Fitch indicates the following:

    Strengths

    Exposure to liquidity in the Gulf should insulate Egypt against external shocks to some degree and

    keep growth positive, assuming a relatively quick recovery for the region from the current turmoil.

    Low wages in global terms are advantages for foreign investors

    With a population of 100mn, Egypt is the largest market in the Arab world.

    Weaknesses

    Unemployment is still elevated, which subdues demand.

    Egypt still has a large fiscal deficit, which will take time to narrow due to high debt servicing costs.

    Corruption and bureaucracy levels are reportedly still high.

    Opportunities

    Economic reforms undertaken as part of the IMF programme entered into in 2016 will help

    reinvigorate the economy.

    The hydrocarbon sector exhibits high potential for development.

    Stabilising macroeconomic conditions will help attract foreign direct investment into the country.

    Threats

    Risks of potential unrest persist, which could disrupt economic activity and business confidence.

    The government may face significant pushback to its reform plans. Source: Fitch Solutions Subscription

    As per Heritage Foundation, overall economic freedom Score in Egypt is low at 52.8, compare to the MENA

    region average of 61.3. According to Euler Hermes, strengths include a large domestic market (83mn) and

    a strategic position between Middle Eastern and African markets with a relatively diversified economy.

    Financial reforms are implemented along with flexible exchange rate, partial unwinding of capital controls,

    and subsidies cuts. Weaknesses are that while in the short-term, stability appears to have improved, but

    longer-term issues may represent future stability risks. Poverty and lack of job prospects, two underlying

    reasons behind pressures for regime change, need to be tackled effectively. COFACE, finds the support from

    Gulf countries a major strength for Egypt in addition to IMF support and large gas reserves, while poverty

    and high unemployment listed as one of its weaknesses. The Doing Business 2019 Rank of Egypt is 120

    (trading Across Borders Score-171). As per ITC Data, the share of UAE in Egypt’s global imports is only @

    1.5%, mainly in gold & precious metals, Plastics, Iron & Steel and its articles but given that presence of our

    overseas office in Egypt, we see potential for increasing the type and value of exports from Dubai to Egypt.

    DE Members may review the tables and graphs in this report for further details and contact us

    ([email protected]) for any clarifications.

  •                                                                                                             Egypt: Economic Overview

    The Egyptian economy, which had previously shown resilience to the global financial crisis, has suffered

    from the internal political crisis and revolutionary uprising of 2011. Nonetheless, the economy has

    recovered since 2015 and further accelerated in the 2016-2017 fiscal year, with growth reaching 4.2% of

    GDP (above the initial IMF forecast of 3.5%). Growth was fuelled by the rise in non-oil exports (10%) and

    an improvement in investor confidence, which boosted FDI inflows (13% increase). The introduction of a

    floating exchange rate, which led the national currency to drop considerably, has in return boosted non-oil

    exports and curbed high level of imports. The USD 12 billion aid package which was granted by the IMF in

    2016 as a sign of improvement in the country's economy, has helped Egypt bring down public debt in 2017,

    nevertheless the country's external debt rose considerably (41% at the end of the 2016-2017 fiscal year).

    Inflation, which skyrocketed between September 2016 and September 2017 (peaking at 31.6%), was

    contained towards the end of the year and fell to 14.4% in February 2018. The Central Bank of Egypt is

    committed to bring down the inflation rate below 13% by the end of 2018. Growth, in the meantime, is

    expected to gain momentum in the 2017-2018 fiscal year and reach 4.8% with a recovery in private

    consumption and investment as well as in exports, and may rise to 6% over the medium-term (IMF).

    Discovered in August 2015, "Zohr" offshore field became operational at the end of 2017 with gas flowing

    to a facility in Port Said City, with initial production of 350 million cubic feet per day. Daily output is

    expected to rise over to 1 billion cubic feet by June 2018 and then to 2.7 billion cubic feet at the end of

    2019. This offshore field, currently the largest in the Mediterranean Sea, should allow Egypt to become

    once again a net exporter of natural gas. In the meantime, Egypt and Israel are in talks to reach a USD 15

    billion deal, which would allow 64 billion cubic metres of natural gas to be transferred from Israel to Egypt.

    The official unemployment rate, after reaching its highest level in the past 11 years in 2015, has been

    declining slowly since 2016 and stood at 11.3% in the fourth quarter of 2017 (12.2% at the end of 2017

    according to IMF estimates). Nonetheless, three-quarters of all employees are paid as undeclared workers,

    and 26% of the population lives below the poverty line.

    Main Sectors of Industry

    Agriculture contributes 11.9% of the GDP and employs 30% of the active population. The warm climate

    and the abundant Nile water allow for several annual harvests. The main crops are cereals, cotton, sugar

    cane and beetroots. Egypt remains a country with little industry. However, the industry sector employs a

    quarter of the workforce. With automotive manufacturing, steel manufacturing, cotton cultivation, textile

    production and the construction industry, the secondary sector accounts for 33.1% of the GDP. Finally, the

    services sector represents over 55% of the Egyptian GDP and employs nearly half of the population. It is

    largely dominated by revenues from telecommunications and tourism (the tourist industry brings large

    annual revenues). The country still depends on the Suez Canal for a large part of its income.

    https://www.nordeatrade.com/fi/explore-new-market/egypt/economical-context?&accepter_cookies=oui

  •                                                                                                             GDP Annual Growth Rate

    The GDP in Egypt expanded 5.50 percent in the fourth quarter of 2018 over the same quarter of the previous

    year. GDP Annual Growth Rate in Egypt averaged 4.15 percent from 1992 until 2018, reaching an all time high

    of 7.70 percent in the fourth quarter of 2007 and a record low of -3.80 percent in the first quarter of 2011.

    GDP per capita

    The GDP per capita in Egypt was last recorded at 2785.37 US dollars in 2017. The GDP per Capita in Egypt is

    equivalent to 22 percent of the world's average. GDP per capita in Egypt averaged 1542.04 USD from 1960 until

    2017, reaching an all time high of 2785.37 USD in 2017 and a record low of 631.10 USD in 1960.

     

    Ease of Doing Business

    Egypt is ranked 120 among 190 economies in the ease of doing business, according to the latest World Bank

    annual ratings. The rank of Egypt improved to 120 in 2018 from 128 in 2017. Ease of Doing Business in Egypt

    averaged 119.73 from 2008 until 2018, reaching an all time high of 128 in 2013 and a record low of 106 in 2009.

    Balance of Trade

  •                                                                                                             Egypt recorded a trade deficit of 3872 USD Million in December of 2018. Balance of Trade in Egypt averaged -

    820.07 USD Million from 1957 until 2018, reaching an all-time high of 235.50 USD Million in January of 2004.

     Exports

    Exports in Egypt averaged 601.78 USD Million from 1957 until 2018, reaching an all-time high of 2991.20 USD

    Million in June of 2008 and a record low of 12.63 USD Million in July of 1959. The major exports are oil and

    other mineral products, chemical products, agricultural products, livestock and others fats and textiles. Other

    exports include: base metals, machinery and electrical appliances and foodstuff, beverages and tobacco. Major

    export partners are Italy, Spain, France, Saudi Arabia, India and Turkey. Others include: USA, Brazil & Argentina.

    Imports

    Imports in Egypt averaged 1419.12 USD Million from 1957 until 2018, reaching an all-time high of 7111 USD

    Million in August of 2014. Egypt imports mainly mineral/chemical products, agricultural products, livestock and

    foodstuff, machinery and electrical equipment & base metals. Main import partners are Germany, Italy, China,

    Turkey, Saudi Arabia, Kuwait and Lebanon, USA and India.

    Source: Trading Economics, https://tradingeconomics.com/egypt/indicators

  •                                                                                                             Performance & Prospects of Selected Consumer items FRAGRANCES IN EGYPT

    The hike in unit prices within fragrances was enormous in comparison with the second quarter of 2016, due

    to the free fluctuation of the Egyptian pound and customs issues that were evident after the unit prices

    started to settle down. This had a negative influence on local consumers who specifically reduced their

    purchases and usage of premium fragrances. Egypt is now exceedingly updated with international brands;

    leading companies in Egypt are trying to bring more internationally well-known brands to address the

    different needs of local consumers and at the same time, expand their nationally-owned brands. The choice

    between mass versus premium fragrances is linked mainly to price range and the priorities of life

    expenditure. However, fragrances are considered one of the important luxuries in consumers’ lives.

    Dr El-Chabrawichi Co continued to lead overall fragrances, as well as holding its strongest position within

    mass fragrances in 2017; this company offers the most affordable fragrance in Egypt (555) that mainly

    targets low-income consumers. Many national brand owners ran interesting promotional campaigns in

    2017 to attract an increasing number of consumers, with many of them adopting the most successful trend

    of using social bloggers who promote these products and often attend brand launches in the stores. One

    of these international brands was Versace; with a special promotional code offered by social bloggers to

    consumers who purchase these specific brands from official retailing stores that they promote. Oriflame

    Egypt Co lost value share in 2017, although it continued to record double-digit value growth, due to its

    higher unit price, which resulted in it moving into the lower end of premium fragrances. This may have

    encouraged some consumers to shift towards more affordable fragrances or to shift towards a higher level

    of fragrances. https://www.euromonitor.com/fragrances-in-egypt/report

    BEAUTY & PERSONAL CARE IN EGYPT

    Beauty and personal care in Egypt is becoming an essential market due to high interest from consumers,

    as well as distinguished companies that are becoming increasingly advanced in offering consumers varied

    product development. International brands are enjoying wider popularity in Egypt based on the fact that

    social media facilitates promotional strategies of national brand owners, with large advertising campaigns

    taking place through different methods, whether by live campaigns or through social platforms such as

    Instagram and Facebook by using advertisements and fashion bloggers.

    The competitive landscape in Egyptian beauty and personal care is becoming increasingly dynamic, due to

    intense competition, with companies aiming to reach out to a higher number of consumers based on what

    they are looking for in new products. Leading companies in Egyptian beauty and personal care are trying to

    adapt to fluctuating circumstances of exchange rates of foreign currencies, in addition to the extra effort

    of retaining their positions, while new brands enter. Product development took many forms in 2017, with

    new packaging one of the most successful strategies, as attractive feminine packaging attracted many

    female consumers.

  •                                                                                                             Economic recovery is predicted for the forecast period on the back of stability of security, revival of tourism,

    the stock market and the stable Egyptian pound; however, due to the shortage of some products, some

    brands may therefore disappear based on the new regulations set by the government and Ministry of

    Health.

    https://www.euromonitor.com/beauty-and-personal-care-in-egypt/report

    APPAREL & FOOTWEAR IN EGYPT

    Egypt’s government estimates the country’s economy to accelerate by 4% in 2018-2019. Expected lower

    levels of inflation, declining budget deficits and improving trade balance, as well as improving tourism

    conditions and sustainable growth of GDP will help the Egyptian economy. In 2017, apparel and footwear

    brands offered a lot of promotions to boost their performance. In fact, local and international apparel and

    footwear brands offered frequent discounts that reached 50-80% on most of their stock.

    Since June 2016, the government has been embarking on a plan to increase customs prices on imported

    apparel, to reach 40% on some items such as women swimwear – as part of government efforts to

    rationalise imports and increase dependence on local products. Therefore, the prices of imported garments

    rose by at least 30% after applying the government's decree. There is a global trend nowadays towards

    health and wellness lifestyles. Therefore, most of brands, especially apparel, dedicate a fashion line for

    sports-inspired items. Internet retailing in Egypt is on the rise. Positive dynamics in online sales are

    expected to counterbalance the ongoing economic turmoil in the country. https://www.euromonitor.com/apparel-and-footwear-in-egypt/report

    CONSUMER ELECTRONICS & APPLIANCES IN EGYPT

    The Egyptian economy is witnessing a little recovery from the shock of the devaluation of the Egyptian

    pound in 2018. Consumers are more psychologically adapted to the new expensive prices, yet more cautious

    about the items they are spending on. The Egyptian economy has witnessed a little recovery from the shock

    of the devaluation of the Egyptian pound in 2018. A very wide base of the population was very cautious in

    terms of spending in 2017. Huawei Technologies, Lenovo and LG are among the leaders in the industry.

    Huawei will soon surpass the number one player in the mobile phones category, Samsung Corp, due to its

    very competitive prices and value-for-money packages.

    Electronics and appliance specialist retailers is still considered the number one choice among most

    consumers due to the insurance, variety and aftersales service the channel offers. Although internet

    retailing is growing slowly but steadily, e-commerce websites are still struggling with some problems such

    as the low credit card base of customers in Egypt and trust issues in regard to payment and product delivery.

    Over the forecast period, it is expected that the Egyptian pound will still decrease versus the US dollar but

    with small changes. The investment climate is likely to be enhanced due to many international brands

    building factories in the country.

    Egyptian consumers became price sensitive after the enormous increase in prices of consumer appliances

    (particularly in 2017) and continuous fluctuations. Following the various economic changes that have

  •                                                                                                             occurred in Egypt and the decisions taken by the Egyptian Government to increase fuel and gas prices, the

    prices of international brands increased drastically in 2018. As internet retailing is gaining in popularity in

    Egypt, many consumers are starting to make purchases of consumer appliances through this channel to

    save time and the effort of visiting different retailers. Egyptians became open to purchasing international

    brands and attracted to the range of different brands available. This saw a huge segment of society shifting

    their preferences towards international brands over local ones and this opened up many opportunities for

    high investments to import consumer appliances. https://www.euromonitor.com/consumer-electronics-in-egypt/report

    https://www.euromonitor.com/consumer-appliances-in-egypt/report

    FOOD & BEVERAGES IN EGYPT

    Given the financial situation of the Egyptian economy in 2018, and the increased cost of living, consumers

    changed their buying habits. They tend to purchase cost-efficient promotional multipacks and economy

    packs; sales were oriented towards large pack sizes offering greater value for money. Market leaders

    maintained their positions by efforts such as refining their product portfolio by offering a variety of

    products with pricing-point segmentation approaches to encourage consumption, and targeted

    demographics seeking to save money with alternative products with lower prices. Meanwhile there was a

    notable rise in local producers due to the restriction on importing finished products and the high import

    taxes imposed by the government as an initiative to improve the economic situation by encouraging

    domestic production.

    Despite packaged food customarily being sold via traditional grocery retailers in Egypt, modern grocery

    retailers are growing due to the trust of middle- and high-income consumers in these outlets. Apart from

    the variety of products these channels offer, there are internal promotional activities and an attractive and

    organised way of displaying products. Packaged food in Egypt is expected witness a positive retail value

    CAGR over the forecast period at constant 2018 prices. Manufacturers are anticipating that demand will

    recover and that consumers will embrace the new pricing, which is more stable.

    Chocolate confectionery posted a slight recovery in volume terms when compared to 2017. The effect of

    devaluation of the local currency on the Egyptian economy began to fade and consumers were becoming

    accustomed to the new price levels. Chocolate confectionery was one of the biggest categories to witness

    the appearance of new local manufacturers in 2018. This was either through small start-up companies,

    multinationals sourcing local producers or multinationals investing in new production facilities. Cadbury

    Egypt Group For Foods Industries continued to lead countlines and tablets in 2018. It managed to maintain

    its category share despite the economic conditions by being very sensible in relation to pricing its products,

    and by investing in new product developments and promotional campaigns. Companies are investing in

    internet retailing to showcase their presence, in addition to attempting to accommodate consumers’

    growing need for an easier and more convenient shopping experience. Cadbury, Mars and Corona products

    are amongst the most important brands on display at internet retailing sites. Consumers’ preferences in

    Egypt are mainly led by plain milk chocolate and filled types, especially those with a hazelnut filling. Dark

  •                                                                                                             chocolate and plain white chocolate have a minimal presence in the country and are mainly sold under niche

    brands, such as Lindt.

    Sugar confectionery is mainly dominated by local producers; however, these were heavily impacted by

    devaluation of the Egyptian pound. The devaluation left them no room for investment in new product

    developments. There was a major shortage in the supply of lollipops in Egypt after the disappearance of

    Chupa Chups from the country years ago. Edita Food Industries managed in 2016 to introduce its new line

    of Mimix lollipops, which are sold in bags of assorted flavours, and through this it took advantage of a gap

    in the market; however, there is still room for other players to penetrate this category through modern

    trade channels. Sales of sugar confectionery products, such as boiled sweets and lollipops, are very seasonal.

    The high season for lollipops is from August to April, which is basically the school months. The brand Halls

    became no longer available in 2016. This left a huge shortage within medicated confectionery, given that

    Halls was the major brand within the category. Sales of jellies are mainly dominated by Haribo brands.

    Haribo has managed to widen its distribution through offering small packs, allowing them to be sold

    through kiosks and other traditional channels; however, in 2018 there was the introduction of the German

    brand Katjes.

    In 2017, bottled water experienced a setback in volume growth due to inflation reaching 30%, which

    affected local purchasing power, and consumers unwilling to pay such high prices. However, bottled water

    continued to witness new products, innovations and trends. The increasing health trend in Egypt will have

    a negative impact on the leading soft drinks category of carbonates, in favour of juice and bottled water,

    which are considered healthier alternatives, although this may be a long-term scenario. Moreover, the

    climate change has result in Egypt becoming warmer, thereby increasing demand for bottled water. Still

    bottled water held the dominant off-trade volume share of bottled water in Egypt in 2017. The remaining

    sales are taken by carbonated bottled water with low share for flavoured bottled water.

    In 2017, Société des Eaux Minérales Vittor led bottled water with dominant off-trade value share, although

    it lost some ground. It is known for its two main flagship products, Baraka and Nestlé Pure Life, with the

    latter leading still bottled water. There has been an issue with brands and health concerns that peaked in

    2016 when Nestlé, Baraka and Aquafina received complaints regarding bacterial contamination. Although

    this issue was clear up and proven that the wholesaler’s inadequate storage was the main reason for

    contamination, it raised concerns about local manufacturers that operate in rural areas or areas that are

    out of reach of distribution channels for most brands, where there are local brands that are produced,

    distributed and sold and it can occur without proper inspection or oversight. The 1.5-litre bottles lead

    packaging sales by all brands in the category, as they are mostly bought in bulk by cartons.

    https://www.euromonitor.com/packaged-food-in-egypt/report and others

    Note: Euromonitor International provides in-depth market information on various FMCG and consumer

    products. We actively urge interested readers to contact [email protected] for specifics.

    For further or detailed information on the above contact [email protected] or call us on 04-4455333.

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  • Sources: ITC calculations based on UN COMTRADE statistics. NS= Not Significant

    HS Code

    Product DescriptionGlobal Value

    imported (USD '000)

    Annual growth % in value 2013-17

    UAE Exports to Egypt in (USD

    '000)

    'TOTAL All products 66,338,776 (2) 967,529

    '0102 Live bovine animals 128,846 29 NS

    '0202 Meat of bovine animals, frozen 1,029,356 2 NS

    '0206 mules or hinnies, fresh, ... 354,265 10 NS

    '0207Meat and edible offal of fowls of the species Gallus domesticus, ducks, geese, turkeys and ... 155,327 (1)

    NS

    '0303 Frozen fish (excl fish fillets & other fish of heading 0304) 443,562 23 NS

    '0306 Crustaceans, whether in shell or not, live, fresh, chilled.. 73,197 37 59,443 '0307 Molluscs, fit for human consumption, even smoked, .. 16,765 (5) 594

    '0402 Milk and cream, concentrated or containing added sugar.. 185,777 (18) NS

    '0405 Butter, incl. dehydrated butter and ghee, and other fats .. 120,326 (10) NS

    '0713 Dried leguminous vegetables, shelled, .. 360,797 (5) NS

    '0808 Apples, pears and quinces, fresh 219,119 0 NS

    '0902 Tea, whether or not flavoured 273,807 (4) 5,057

    '1001 Wheat and meslin 2,624,361 21 NS

    '1005 Maize or corn 1,723,194 (5) NS

    '1101 Wheat or meslin flour 2,285 19 559 '1103 Cereal groats, meal and pellets 15,155 (14) 1,653

    '1104Cereal grains otherwise worked, e.g. hulled, rolled, flaked, pearled, sliced or kibbled; germ ... 2,592 35 614

    '1201 Soya beans, whether or not broken 863,572 (16) NS

    '1206 Sunflower seeds, whether or not broken 110,372 3 NS

    '1507 chemically modified) 122,834 (5) NS

    '1511 Palm oil and its fractions, whether or not refined 745,750 (2) NS

    '1512 Sunflower-seed, safflower or cotton-seed oil and fractions 310,484 (23) NS

    '1514 Rape, colza or mustard oil and fractions thereof, .. 826 12 670

    '1701 Cane or beet sugar and chemically pure sucrose, solid 799,835 43 12,387

    '1806 Chocolate and other food preparations containing cocoa 34,044 (16) 12,380

    '1905Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; communion ... 11,474 (28) 4,235

    '2009 Fruit juices, incl. grape must, and vegetable juices... 15,973 (23) 8,481

    '2106 Food preparations, n.e.s. 178,301 5 789

    '2202Waters, incl. mineral waters and aerated waters, containing added sugar or other sweetening ... 8,298 (31) 1,112

    '2304Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting ... 517,449 (1)

    NS

    '2309 Preparations of a kind used in animal feeding 159,474 4 NS

    '2403 Manufactured tobacco and manufactured tobacco ... 165,611 (10) 1,751

    '2601 Iron ores and concentrates, incl. roasted iron pyrites 857,895 (4) NS

    '2712 Petroleum jelly, paraffin wax, .. 10,001 1 628

    '2714 Bitumen and asphalt, natural; bituminous or oil-shale... 132,046 234 NS

    '2818Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide 132,028 73

    NS

    '2836 Carbonates; peroxocarbonates "percarbonates"; ... 119,667 2 NS

    '2909 Ethers, ether-alcohols, ether-phenols, ether-alcohol-phenols 24,621 (3) 659 '2915 Saturated acyclic monocarboxylic acids their anhydrides... 102,639 (4) 2,499

    '2929Compounds with other nitrogen function (excluding amine-function compounds; oxygen-function ... 103,747 7 1,103

    Top Non-Oil products imported by Egypt & corresponding UAE Exports (>100K USD)

  • Sources: ITC calculations based on UN COMTRADE statistics. NS= Not Significant

    HS Code

    Product DescriptionGlobal Value

    imported (USD '000)

    Annual growth % in value 2013-17

    UAE Exports to Egypt in (USD

    '000)

    Top Non-Oil products imported by Egypt & corresponding UAE Exports (>100K USD)

    '2941 Antibiotics 131,205 (6) NS

    '3002 Human blood; animal blood prepared for therapeutic... 144,876 (6) NS

    '3004Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put ... 1,960,983 4 29,980

    '3102 Mineral or chemical nitrogenous fertilisers .. 9,712 (37) 632

    '3105Mineral or chemical fertilisers containing two or three of the fertilising elements nitrogen, … 56,317 1 1,589

    '3204Synthetic organic colouring matter, whether or not chemically defined; preparations based on ... 121,112 (3) 886

    '3206Inorganic or mineral colouring matter, n.e.s.; preparations based on inorganic or mineral colouring ... 188,173 0 1,335

    '3208 Paints and varnishes, incl. enamels and lacquers, 67,700 7 2,121

    '3209Paints and varnishes, incl. enamels and lacquers, based on synthetic polymers or chemically ... 5,991 1 400

    '3211 Prepared driers 1,705 (16) 581 '3214 Glaziers' putty, grafting putty, resin cements, .. 20,712 0 887

    '3302Mixtures of odoriferous substances and mixtures, incl. alcoholic solutions, based on one or ... 145,449 (3) 634

    '3303 Perfumes and toilet waters 22,494 (11) 3,316

    '3304Beauty or make-up preparations and preparations for the care of the skin, incl. sunscreen or ... 49,292 7 5,644

    '3305 Preparations for use on the hair 27,653 (23) 414

    '3307Shaving preparations, incl. pre-shave and aftershave products, personal deodorants, bath and ... 22,573 (9) 4,685

    '3401Soap; organic surface-active products and preparations for use as soap, in the form of bars, ... 37,740 (13) 4,251

    '3402Organic surface-active agents (excluding soap); surface-active preparations, washing preparations, ... 149,983 (14) 10,782

    '3403Lubricant preparations, incl. cutting-oil preparations, bolt or nut release preparations, anti-rust ... 39,872 (1) 2,760

    '3405Shoe polish, furniture wax and floor waxes, polishes and creams for coachwork, glass or metal, ... 6,705 (10) 470

    '3808Insecticides, rodenticides, fungicides, herbicides, anti-sprouting products and plant-growth ... 178,286 5 625

    '3811Anti-knock preparations, oxidation inhibitors, gum inhibitors, viscosity improvers, anti-corrosive ... 121,797 (4) 2,000

    '3812 Prepared rubber accelerators; compound plasticisers ... 28,313 (10) 517 '3814 Organic composite solvents and thinners, n.e.s.; .. 4,591 (15) 833

    '3816Refractory cements, mortars, concretes and similar compositions (excluding preparations based ... 33,013 0 443

    '3819Hydraulic brake fluids and other prepared liquids for hydraulic transmission not containing ... 5,066 (5) 377

    '3822Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents ... 174,730 22

    NS

    '3824Prepared binders for foundry moulds or cores; chemical products and preparations for the chemical ... 354,287 (1) 4,997

    '3901 Polymers of ethylene, in primary forms 602,702 (3) 88,206

    '3902 Polymers of propylene or of other olefins, in primary forms 514,094 (5) 68,631

    '3903 Polymers of styrene, in primary forms 199,146 (8) 1,490

    '3904Polymers of vinyl chloride or of other halogenated olefins, in primary forms 230,203 (7) 2,547

    '3906 Acrylic polymers, in primary forms 192,495 3 4,114

  • Sources: ITC calculations based on UN COMTRADE statistics. NS= Not Significant

    HS Code

    Product DescriptionGlobal Value

    imported (USD '000)

    Annual growth % in value 2013-17

    UAE Exports to Egypt in (USD

    '000)

    Top Non-Oil products imported by Egypt & corresponding UAE Exports (>100K USD)

    '3907Polyacetals, other polyethers and epoxide resins, in primary forms; polycarbonates, alkyd resins, ... 395,141 (2) 10,498

    '3909 Amino-resins, phenolic resins and polyurethanes, in primary forms 56,499 (10) 1,364

    '3917Tubes, pipes and hoses, and fittings therefor, e.g. joints, elbows, flanges, of plastics 108,466 5 2,098

    '3919Self-adhesive plates, sheets, film, foil, tape, strip and other flat shapes, of plastics, whether ... 82,407 3 529

    '3920Plates, sheets, film, foil and strip, of non-cellular plastics, not reinforced, laminated, ... 137,163 (1) 4,727

    '3921Plates, sheets, film, foil and strip, of plastics, reinforced, laminated, supported or similarly ... 170,578 4 8,246

    '3923Articles for the conveyance or packaging of goods, of plastics; stoppers, lids, caps and other ... 85,387 (6) 2,283

    '3926Articles of plastics and articles of other materials of heading 3901 to 3914, n.e.s. 181,225 12 858

    '4009Tubes, pipes and hoses, of vulcanised rubber other than hard rubber, with or without their ... 37,625 4 827

    '4011 New pneumatic tyres, of rubber 450,676 (6) NS

    '4407Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, ... 886,073 (7)

    NS

    '4411Fibreboard of wood or other ligneous materials, whether or not agglomerated with resins or ... 117,523 13

    NS

    '4412Plywood, veneered panel and similar laminated wood (excluding sheets of compressed wood, cellular ... 192,087 (6)

    NS

    '4705Wood pulp obtained by a combination of mechanical and chemical pulping processes 211,900 9

    NS

    '4802Uncoated paper and paperboard, of a kind used for writing, printing or other graphic purposes, ... 246,060 4

    NS

    '4804Uncoated kraft paper and paperboard, in rolls of a width > 36 cm or in square or rectangular ... 173,183 (11)

    NS

    '4810Paper and paperboard, coated on one or both sides with kaolin "China clay" or other inorganic ... 227,299 (4)

    NS

    '4811Paper, paperboard, cellulose wadding and webs of cellulose fibres, coated, impregnated, covered, ... 158,280 (5) 1,167

    '4819Cartons, boxes, cases, bags and other packing containers, of paper, paperboard, cellulose wadding ... 115,948 17 2,942

    '4821 Paper or paperboard labels of all kinds, whether or not printed 8,102 (31) 2,345

    '4823Paper, paperboard, cellulose wadding and webs of cellulose fibres, in strips or rolls of a ... 33,616 4 1,768

    '4901Printed books, brochures and similar printed matter, whether or not in single sheets (excluding ... 33,090 (15) 851

    '4911 Printed matter, incl. printed pictures and photographs, n.e.s. 16,391 (3) 1,481

    '5201 Cotton, neither carded nor combed 236,963 4 443

    '5205Cotton yarn other than sewing thread, containing >= 85% cotton by weight (excluding that put ... 215,537 (2)

    NS

    '5209Woven fabrics of cotton, containing >= 85% cotton by weight and weighing > 200 g/m² 171,908 (10)

    NS

    '5402Synthetic filament yarn, incl. synthetic monofilaments of < 67 decitex (excluding sewing thread ... 679,915 2 658

    '5407Woven fabrics of synthetic filament yarn, incl. monofilament of >= 67 decitex and with a cross ... 165,451 (9)

    NS

  • Sources: ITC calculations based on UN COMTRADE statistics. NS= Not Significant

    HS Code

    Product DescriptionGlobal Value

    imported (USD '000)

    Annual growth % in value 2013-17

    UAE Exports to Egypt in (USD

    '000)

    Top Non-Oil products imported by Egypt & corresponding UAE Exports (>100K USD)

    '5512 Woven fabrics containing >= 85% synthetic staple fibres by weight 322,281 14 2,615

    '5603Nonwovens, whether or not impregnated, coated, covered or laminated, n.e.s. 133,391 5 807

    '5703Carpets and other textile floor coverings, tufted "needle punched", whether or not made up 13,206 (17) 694

    '6111Babies' garments and clothing accessories, knitted or crocheted (excluding hats) 6,120 138 2,209

    '6115Pantyhose, tights, stockings, socks and other hosiery, incl. graduated compression hosiery ... 3,263 (18) 514

    '6204Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, ... 85,625 (8) 1,454

    '6214Shawls, scarves, mufflers, mantillas, veils and similar articles (excluding knitted or crocheted) 7,181 (6) 1,504

    '6304Articles for interior furnishing, of all types of textile materials (excluding blankets and ... 3,728 (8) 1,160

    '6309Worn clothing and clothing accessories, blankets and travelling rugs, household linen and articles ... 10,087 11 4,345

    '6405Footwear with outer soles of rubber or plastics, with uppers other than rubber, plastics, leather ... 3,797 (18) 1,190

    '6907Unglazed ceramic flags and paving, hearth or wall tiles; unglazed ceramic mosaic cubes and ... 5,020 (23) 875

    '6908Glazed ceramic flags and paving, hearth or wall tiles; glazed ceramic mosaic cubes and the ... 29,058 (10) 5,891

    '6911Tableware, kitchenware, other household articles and toilet articles, of porcelain or china ... 21,727 1 1,826

    '7010Carboys, bottles, flasks, jars, pots, phials, ampoules and other containers, of glass, of a ... 24,752 (3) 3,184

    '7013Glassware of a kind used for table, kitchen, toilet, office, indoor decoration or similar purposes ... 54,684 2 14,598

    '7102Diamonds, whether or not worked, but not mounted or set (excluding unmounted stones for pick-up ... 914 (7) 429

    '7108Gold, incl. gold plated with platinum, unwrought or not further worked than semi-manufactured ... 163,827 (46) 142,432

    '7204Ferrous waste and scrap; remelting scrap ingots of iron or steel (excluding slag, scale and ... 556,445 (24)

    NS

    '7207 Semi-finished products of iron or non-alloy steel 1,101,424 (10) 14,894

    '7208Flat-rolled products of iron or non-alloy steel, of a width >= 600 mm, hot-rolled, not clad, ... 624,544 14 2,526

    '7210Flat-rolled products of iron or non-alloy steel, of a width >= 600 mm, hot-rolled or cold-rolled ... 294,982 2 13,252

    '7216 Angles, shapes and sections of iron or non-alloy steel, n.e.s. 91,103 2 11,684

    '7219Flat-rolled products of stainless steel, of a width of >= 600 mm, hot-rolled or cold-rolled ... 123,242 2 716

    '7225Flat-rolled products of alloy steel other than stainless, of a width of >= 600 mm, hot-rolled ... 16,279 2 1,223

    '7226Flat-rolled products of alloy steel other than stainless, of a width of < 600 mm, hot-rolled ... 4,432 10 1,631

    '7304 (excluding products of cast iron) 123,143 4 NS

    '7306Tubes, pipes and hollow profiles "e.g., open seam or welded, riveted or similarly closed", ... 595,568 2 34,634

    '7307Tube or pipe fittings "e.g. couplings, elbows, sleeves", of iron or steel 212,692 (1) 1,294

  • Sources: ITC calculations based on UN COMTRADE statistics. NS= Not Significant

    HS Code

    Product DescriptionGlobal Value

    imported (USD '000)

    Annual growth % in value 2013-17

    UAE Exports to Egypt in (USD

    '000)

    Top Non-Oil products imported by Egypt & corresponding UAE Exports (>100K USD)

    '7308Structures and parts of structures "e.g., bridges and bridge-sections, lock-gates, towers, ... 222,199 21 9,128

    '7311Containers of iron or steel, for compressed or liquefied gas (excluding containers specifically ... 23,631 9 495

    '7312Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel (excluding ... 59,533 3 463

    '7318Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter pins, washers, incl. ... 135,374 (6) 2,924

    '7326 Articles of iron or steel, n.e.s. (excluding cast articles) 1,119,108 (4) 37,749

    '7403Copper, refined, and copper alloys, unwrought (excluding copper alloys of heading 7405) 497,604 (13)

    NS

    '7604 Bars, rods and profiles, of aluminium, n.e.s. 13,071 (23) 466

    '7606Plates, sheets and strip, of aluminium, of a thickness of > 0,2 mm (excluding expanded plates, ... 88,874 (2) 3,076

    '7607Aluminium foil, "whether or not printed or backed with paper, paperboard, plastics or similar ... 88,874 (2) 791

    '8309Stoppers, caps and lids, incl. crown corks, screw caps and pouring stoppers, capsules for bottles, ... 59,433 3 7,316

    '8407Spark-ignition reciprocating or rotary internal combustion piston engine 77,425 (6) 4,670

    '8408Compression-ignition internal combustion piston engine "diesel or semi-diesel engine" 56,417 (2) 2,405

    '8411 Turbojets, turbopropellers and other gas turbines 166,825 1 NS

    '8412Engines and motors (excluding steam turbines, internal combustion piston engine, hydraulic ... 12,669 (1) 465

    '8413Pumps for liquids, whether or not fitted with a measuring device (excluding ceramic pumps and ... 320,834 0 4,139

    '8414Air or vacuum pumps (excluding gas compound elevators and pneumatic elevators and conveyors); ... 352,631 1 4,692

    '8415Air conditioning machines comprising a motor-driven fan and elements for changing the temperature ... 113,721 (5)

    NS

    '8418Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat ... 261,931 (8) 2,205

    '8419Machinery, plant or laboratory equipment whether or not electrically heated (excluding furnaces, ... 216,700 7 2,012

    '8421Centrifuges, incl. centrifugal dryers (excluding those for isotope separation); filtering or ... 309,260 6 11,885

    '8422Dishwashing machines; machinery for cleaning or drying bottles or other containers; machinery ... 143,414 (10)

    NS

    '8424Mechanical appliances, whether or not hand-operated, for projecting, dispersing or spraying ... 73,323 8 2,225

    '8426Ships' derricks; cranes, incl. cable cranes (excluding wheel-mounted cranes and vehicle cranes ... 63,194 (4) 688

    '8428Lifting, handling, loading or unloading machinery, e.g. lifts, escalators, conveyors, teleferics ... 151,369 (2)

    NS

    '8431Parts suitable for use solely or principally with the machinery of heading 8425 to 8430, n.e.s. 52,380 9 788

    '8443Printing machinery used for printing by means of plates, cylinders and other printing components ... 112,424 (5) 907

    '8450Household or laundry-type washing machines, incl. machines which both wash and dry; parts thereof 169,282 1 463

    '8471 Automatic data-processing machines and units thereof 174,169 (6) 9,668

  • Sources: ITC calculations based on UN COMTRADE statistics. NS= Not Significant

    HS Code

    Product DescriptionGlobal Value

    imported (USD '000)

    Annual growth % in value 2013-17

    UAE Exports to Egypt in (USD

    '000)

    Top Non-Oil products imported by Egypt & corresponding UAE Exports (>100K USD)

    '8473Parts and accessories (other than covers, carrying cases and the like) suitable for use solely ... 41,964 (34) 1,185

    '8477Machinery for working rubber or plastics or for the manufacture of products from these materials, ... 109,012 (8) 1,187

    '8479Machines and mechanical appliances having individual functions, not specified or included elsewhere ... 414,606 (1) 938

    '8481Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, ... 481,331 4 4,535

    '8482Ball or roller bearings (excluding steel balls of heading 7326); parts thereof 49,271 (3) 900

    '8483Transmission shafts, incl. camshafts and crankshafts, and cranks; bearing housings and plain ... 163,120 (1) 908

    '8484Gaskets and similar joints of metal sheeting combined with other material or of two or more ... 64,302 (4) 428

    '8487Machinery parts, n.e.s. in chapter 84 (excluding parts containing electrical connectors, insulators, ... 281,333 (2) 2,226

    '8501 Electric motors and generators (excluding generating sets) 218,028 6 NS

    '8502 Electric generating sets and rotary converters 242,845 (7) 669

    '8504 Electrical transformers, static converters, e.g. rectifiers, 273,846 3 9,168

    '8517 Telephone sets, incl. telephones for cellular networks 1,536,383 1 11,362

    '8523Discs, tapes, solid-state non-volatile storage devices, "smart cards" and other media for the ... 76,767 3 4,423

    '8525 Transmission apparatus for radio-broadcasting or television 35,613 5 478

    '8529Parts suitable for use solely or principally with transmission and reception apparatus for ... 528,421 4 898

    '8536Electrical apparatus for switching or protecting electrical circuits, or for making connections ... 202,698 (1)

    NS

    '8537Boards, panels, consoles, desks, cabinets and other bases, equipped with two or more apparatus ... 198,515 7 1,747

    '8541 Diodes, transistors and similar semiconductor devices; ... 111,539 64 NS

    '8544 Insulated "incl. enamelled or anodised" wire, cable 451,930 5 11,668 '8546 Electrical insulators of any material 18,296 11 896

    '8701 Tractors (other than tractors of heading 8709) 111,305 (20) NS

    '8703Motor cars and other motor vehicles principally designed for the transport of persons, incl. … 1,683,240 6

    NS

    '8704 Motor vehicles for the transport of goods, 282,444 (13) NS

    '8705 Special purpose motor vehicles... 122,652 31 NS

    '8707 Bodies, incl. cabs, for tractors, motor vehicles ... 25,756 (5) 752

    '8708Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, ... 702,731 (6) 5,932

    '8904 Tugs and pusher craft 23,171 223 3,571

    '9018Instruments and appliances used in medical, surgical, dental or veterinary sciences, incl. ... 308,115 0

    NS

    '9027Instruments and apparatus for physical or chemical analysis, e.g. polarimeters, refractometers, ... 65,034 0 342

    '9031Measuring or checking instruments, appliances and machines not elsewhere specified in chapter ... 45,046 8 447

    '9403Furniture and parts thereof, n.e.s. (excluding seats and medical, surgical, dental or veterinary ... 89,365 (6) 1,480

    '9404 Mattress supports; articles of bedding and similar 7,129 (20) 544 '9406 Prefabricated buildings, 19,737 (3) 1,412

  • Egypt MTR 021 03 2019 -ECO Overview & Trade Analysis Text.pdfegypt HeritageEconomic Studies - CofaceDB-EGY ExtractEgypt Imports 2017 ITCproducts-with-potential-to-egypF&B products-with-potential-to-