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Tunisia 21.4 20.1 40.7 15.2 2.5 11.5 16.6 46.5 20.7 4.6
Turkey 20.3 11.7 51.5 13.6 3.0 7.3 11.4 43.9 30.5 6.9
Korea 3.4 8.7 37.8 29.9 20.3 2.1 10.6 12.1 38.8 36.4
Malaysia 24.8 23.7 11.3 14.7 25.4 12.5 14.7 9.0 17.9 45.9
India 18.1 27.0 36.1 14.8 4.1 11.4 33.8 33.0 16.6 5.1
World 15.3 17.2 18.7 33.5 15.3 12.0 15.9 16.7 33.1 22.3
Source: Noureldin et al, 2006.
PR=primary resources; RB=resource-based; LT=low-tech; MT=medium-tech; HT=high-tech
The change in exports over time can be seen in the Figure 1 below. According to the
Central Bank of Egypt (CBE), preliminary estimates of the balance of payment for the
first three quarters of fiscal year 2006/07, demonstrated a 42 percent increase in nonpetroleum
exports, a slight decline in petroleum exports, and a 17 percent rise in
exports of services, compared to the corresponding period in 2005/06. Imports
increased by 21 percent during the same period, reflecting domestic demand
expansion.
6.0
5.0
4.0
3.0
2.0
1.0
0.0
Total exports
Petroleum Exports
Non-Petroleum Exports
Merchandise Exports
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2004/05 2005/06 2006/07
Source: Obtained from www.cbe.org.eg
If we turn to Table 5, we see that imports increased by much less than exports over
this short period (4%), but where once again the principal import category is that of
mineral fuels, and where the value of these imports increased by just over 25%. 3 The
second key import category is that of machinery and mechanical appliances which
accounted for 9% of all imports, and which grew by just under 5%. The share and
value of half of the most important categories in 2005 (cereals, iron and steel, plastics
and products, wood and articles, and organic chemicals) declined in 2006. This is an
interesting decline, though the time series is too short to indicate whether this
indicates a longer term structural decline, or more short-run variations. To the extent
that, in particular machinery and parts, and vehicles and parts might be used as
3 Despite the fact that CAPMAS data is for calendar years and CBE data presents fiscal years,
it should be noted that the discrepancy between the two sources of data is very large. In
addition, data from both domestic sources are different from data in partner countries such as
the EU and the USA.