Egyptian wheat imports increase by more than $2Bln during 1st half of 2024

CAIRO - 16 September 2024: Egyptian wheat imports increased significantly in the first half of this year 2024, compared to the same period last year 2023, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

 

The agency's data estimated the total value of Egyptian wheat imports at about $2.324 billion in the first half of this year 2024, up from $1.785 billion in the first half of last year 2023, an increase of about $539 million and 300 thousand.

 

Egypt's wheat imports were among the most important Egyptian imports of raw materials, which increased slightly in the first half of this year, reaching a value of about $5.621 billion, compared to $5.223 billion in the same period last year 2023, recording an increase of about $397 million and 185 thousand.

 

Last June, wheat imports were among the goods that declined, recording $261 million last June, compared to $332 million in the same month in 2023; a decline of 21.5 percent. For the imports of medicines and pharmaceutical preparations, they recorded a value of about $233 million, compared to $265 million in the same month in 2023, registering a decline of 11.9 percent.

 

In total, imports last June declined by 3.3 percent, reaching a value of $6 billion during last June, compared to $6.21 billion for the same month of the previous year 2023.