Egyptian Imports
Egypt’s exports to Hungary reached $62.4 million during the first 8 months of 2023, compared to $51.8 million during the same period in 2022
The United Arab Emirates (UAE) ranked first as the largest importer of gold, precious stones and jewelry from Egypt with imports worth $534M
According to CAPMAS, the total value of exports to COMESA countries reached $3,544 million during 2022,
The government recently declared the relaunch of the zero-customs car import initiative for the second time, with the possibility of an additional 3-month extension
The source attributed the deficit’s decline to the country’s woes with foreign currency, leading to exports dropping by 3 percent to record $26.2 billion
CAPMAS reported that Egypt's exports to Jordan reached $726.50 million in 2022, marking a 2.20 percent increase from $711.10 million in 2021.
One of the sources indicated that the deal could encompass the acquisition of 500,000 feddans potentially executed in phases through either a purchase or a long-term lease agreement.
Under the program, expats can import cars without paying any taxes, with one condition: they must deposit an equivalent amount in a five-year foreign currency certificate of deposit.
Both initially agreed to partially trade in local currencies, which would account for approximately 25 percent to 30 percent of the total bilateral trade volume between Egypt and Turkey, according to El-Wathiq Billah
Through the 5-year agreement, Egypt will import milling wheat worth $100 million per year.
Trade overall between Egypt and COMESA jumped to $5.3 billion in 2022, up by 20.4 percent compared to 2021’s recorded $4.4 billion
So far, Egypt has collected around 3,740,000 tons of local wheat from farmers during the ongoing wheat season.
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