Trade and The World Economy- Developing Country

TRADE AND THE WORLD ECONOMY

Egyptian Economy Breakdown

• GDP: $904bn
• industry sector 32% of GDP
• the services sector 54%
• the agriculture sector 14%.

Comparative Advantage:

• Oil
• Egypt produces 630,600 barrels per day
• exports 155,200 barrels per day

Trade Patterns

Exports:

• USA and EU are biggest export markets for egyptipan oil
• Italy consumes 9.4% of…