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391942

The Impact of Local and Global Changes on Some Economic Variables Related to Major Imports of Strategic Commodities in Egypt

Article

Last updated: 01 Jan 2025

Subjects

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Tags

Agricultural economics

Abstract

The Agricultural sector serves all sectors and is responsible for ensuring food security by achieving self-sufficiency in agricultural products. especially strategic crops such as wheat and corn. as well as essential food items like oils and sugar. Despite this. the agricultural sector relies on imports for all production inputs. which burdens the agricultural trade balance. The study addresses the impact of the agricultural sector amid current economic changes. starting from national changes like currency liberalization and successive exchange rate increases. to global changes such as the COVID-19 pandemic and the Russia-Ukraine crisis. These crises have affected both the global and Egyptian economies. The study aims to identify the challenges facing Egyptian agricultural foreign trade in light of global crises and the importance of finding solutions to mitigate the negative effects on foreign trade. while also explaining the current state of agricultural foreign trade under national and global economic changes.
The main findings indicate the impact of local and global changes on the most important strategic import crops in Egypt from 2000 to 2023. The average import quantity of wheat was about 9.535.1 thousand tons. with an annual growth rate of approximately 5.5%. The average import price of wheat was about $268.8 per ton. with an annual growth rate of about 3.2%. The average value of wheat imports was about $2.739.3 million. with an annual growth rate of about 8.7%. The average import quantity of corn was approximately 5.136 thousand tons. with an annual growth rate of about 3.9%. The average import price of corn was about $279.3 per ton. with an annual growth rate of about 6.3%. The average value of corn imports was approximately $1.902.9 million. with an annual growth rate of about 10.3%. The average import quantity of oils was around 1.062 thousand tons. with an annual growth rate of about 4%. The average import price of oil was about $526 per ton. with an annual growth rate of about 10.7%. The average value of oil imports was about $862.7 million. with an annual growth rate of about 12.6%. The average import quantity of sugar was about 355.2 thousand tons. with a decreasing annual growth rate of about 0.7%. The average import price of sugar was about $502.1 per ton. with an annual growth rate of about 1.9%. The average value of sugar imports was about $184.2 million. with a decreasing annual growth rate of about 1.1%.

DOI

10.21608/asejaiqjsae.2024.391942

Keywords

Global changes. COVID, 19 pandemic. the Russia, Ukraine crisis. Strategic goods

Authors

First Name

Shimaa

Last Name

M. B. Alewa

MiddleName

-

Affiliation

Agricultural Research Center - Agricultural Economics Research Institute.

Email

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City

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Orcid

-

First Name

Azza

Last Name

F. T. Ghazi

MiddleName

-

Affiliation

Agricultural Research Center - Agricultural Economics Research Institute.

Email

-

City

-

Orcid

-

Volume

45

Article Issue

4

Related Issue

51107

Issue Date

2024-12-01

Receive Date

2024-10-15

Publish Date

2024-12-30

Page Start

1,057

Page End

1,081

Print ISSN

1110-0176

Online ISSN

2536-9784

Link

https://asejaiqjsae.journals.ekb.eg/article_391942.html

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https://asejaiqjsae.journals.ekb.eg/service?article_code=391942

Order

20

Type

Original Article

Type Code

53

Publication Type

Journal

Publication Title

Alexandria Science Exchange Journal

Publication Link

https://asejaiqjsae.journals.ekb.eg/

MainTitle

The Impact of Local and Global Changes on Some Economic Variables Related to Major Imports of Strategic Commodities in Egypt

Details

Type

Article

Created At

23 Dec 2024