Egyptian Foreign Fish Trade: Current Conditions, Effects, and Export Efficiency

Document Type : Original Article

Authors

1 Department of Economics and Agricultural Extension, Faculty of Technology and Development, Zagazig University, Egypt.

2 Department of Economics and Agricultural Extension - Faculty of Technology and Development - Zagazig University - Egypt

Abstract

The research aimed in general at identifying the current situation of foreign Fish Trade and the most important Factors affecting it during the period (2001-2021), the Results showed that there is a deficit in the Fish Balance throughout the study period, with an average value of about 363.38 million dollar, with an annual growth rate of about 8%, during the same period. By studying the variables most affecting the value of Egyptian fish imports and Exports, it was shown that the variables most affecting the value of Imports are the population and the Fish Gap, where an increase in the population by one million people leads to an increase in the value of Egyptian fish imports about 11.82 million dollar. The Egyptian Fish industry increased the value of Imports about 0.71 million dollar. It was also as previous that the most influencing variables on the value of Egyptian fish exports are the population of Saudi Arabia and Saudi Imports of fresh and chilled fish. An increase in the population of Saudi Arabia about 10% leads to an increase in the value of Egyptian Fish Exports about 50.05%. Increasing Saudi Imports of fresh and chilled fish about 10% will lead to an increase in the value of Egyptian fish Exports about 8.20%. Also, the Export Efficiency is low, reaching about 51.07%, which indicates a low feasibility of fish export. The research recommends the need to open new Export Markets.

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