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254057

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

Article

Last updated: 23 Jan 2023

Subjects

-

Tags

Economic and socio agricultural

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.

DOI

10.21608/nvjas.2022.151897.1069

Keywords

BRICS, foreign trade efficiency standards, Coverage rate, export opportunities

Authors

First Name

Rania

Last Name

Tolba

MiddleName

-

Affiliation

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

Email

dr.rania_tolba@yahoo.com

City

-

Orcid

0000-0001-6417-4323

Volume

2

Article Issue

4

Related Issue

32755

Issue Date

2022-04-01

Receive Date

2022-07-22

Publish Date

2022-08-10

Page Start

207

Page End

218

Print ISSN

2805-2420

Online ISSN

2805-2439

Link

https://nvjas.journals.ekb.eg/article_254057.html

Detail API

https://nvjas.journals.ekb.eg/service?article_code=254057

Order

4

Type

Original Research

Type Code

2,101

Publication Type

Journal

Publication Title

New Valley Journal of Agricultural Science

Publication Link

https://nvjas.journals.ekb.eg/

MainTitle

-

Details

Type

Article

Created At

23 Jan 2023