When it comes to the economic impact of the Egyptian crisis, what do Saudi Arabia, India and the UK have in common?
They are all particularly dependent on exports to Egypt, taking the top three places among Egypt’s trade partners. Admittedly, the level of dependency isn’t great, at around 2-2.5 per cent of their GDPs. But the numbers show that even though Egypt is a poor country, its international commercial links reach far and wide.
According to a BarCap report this week, other countries in which exports to Egypt are significant in terms of their own economies are Italy, Kuwait, Russia and South Korea.
They are all particularly dependent on exports to Egypt, taking the top three places among Egypt’s trade partners. Admittedly, the level of dependency isn’t great, at around 2-2.5 per cent of their GDPs. But the numbers show that even though Egypt is a poor country, its international commercial links reach far and wide.
According to a BarCap report this week, other countries in which exports to Egypt are significant in terms of their own economies are Italy, Kuwait, Russia and South Korea.
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