Egypt’s wheat imports increase by more than $2Bln during 1st half of 2024

Egypt’s wheat imports significantly increased in the first half of 2024, rising to $2.324 billion from $1.785 billion in the same period of 2023, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

Wheat remains a crucial staple food for the country, contributing to the overall rise in raw material imports, which reached $5.621 billion in the first half of 2024, up from $5.223 billion the previous year, a gain of $397 million.

However, in June 2024, wheat imports dropped by 21.5% to $261 million, down from $332 million in June 2023. Imports of medicines and pharmaceuticals also decreased by 11.9%, totaling $233 million compared to $265 million in June 2023. Overall imports for June 2024 saw a 3.3% decline, amounting to $6 billion, down from $6.21 billion in June of the previous year.

For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.

It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.

You are welcome to get a 7-day free demo access!!!

Tags: Egypt, wheat, imports