Prudent policies and improved fundamentals will help to weather the storm

C2

MEDIUM RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD 303.07 bn (World Ranking 31, World Bank 2020)
Population 102,33 mn (World Ranking 14, World Bank 2020)
Form of state Republic
Head of government Mostafa Kemal Madbouly (PM)
Next elections 2022, presidential
  • Large domestic market (98mn) and a strategic position between Middle Eastern and African markets.
  • Relatively well-diversified economy. Sources of foreign exchange generation include oil and gas, tourism, Suez Canal revenues, workers’ remittances and a manufacturing base.
  • Financial reforms have been implemented along with flexible exchange rate, partial unwinding of capital controls and subsidy cuts.
  • External debt repayments remain relatively comfortable, as the import cover of foreign reserves recovered to 5-6 months.
  • The difficult and protracted political transition has slowed the recovery in economic performance.
  • Strong dependence on tourism, Suez Canal revenues and remittances create external liquidity tensions during global downturns.
  • Poverty and lack of job prospects, two underlying reasons behind pressures for regime change, have not been tackled effectively.

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
United Arab Emirates 9.1%
1
17.1% China
Saudi Arabia 6.9%
2
6.6% United States
United States of America 6.5%
3
6.5% Saudi Arabia
Turkey 5.9%
4
6.1% Germany
Italy 5.6%
5
4.6% Italy

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Petroleum, petroleum products and related materials 17.7%
1
8.1% Petroleum, petroleum products and related materials
Vegetables and fruits 10.1%
2
7.6% Cereals and cereal preparations
Gold, non-monetary (excluding gold ores and concentrates) 9.6%
3
7.1% Road vehicles
Articles of apparel & clothing accessories 5.0%
4
4.7% Other industrial machinery and parts
Fertilizers other than group 272 4.6%
5
4.2% Textile yarn and related products
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