Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion

Published May 30, 2023

Tridge summary

A report by Egypt's Ministry of Planning and Economic Development reveals the geographical distribution of the country's wheat imports from 2017 to 2021, with Russia being the largest supplier at 57.1%, followed by Ukraine at 21.5%, Romania at 9%, France at 3.4%, the US at 2.2%, and Australia at 1.9%. The Minister of Supply and Internal Trade has confirmed that the strategic reserve of basic commodities is sufficient and that import operations will continue. In November 2022, Egypt's grain imports from Russia increased significantly compared to the previous year.

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Original content

A report for the preliminary version of the economic and social development plan for the fiscal year 2023/2024, issued by the Ministry of Planning and Economic Development, revealed the geographical distribution of Egypt’s imports of wheat from 2017 to 2021, indicating that the annual average imports in that time amounted to US$ 2.7 billion. The Non-oil Foreign Trade Report issued December 2022, stated that the average annual wheat imports from Russia over five years amounted to $1.5 billion, accounting for 57.1 percent of the general average of Egypt’s wheat imports during the aforementioned period. The average imports from Ukraine amounted to $585 million, equivalent to 21.5 percent of the general average, followed by Romania with an import value of $251 million at about nine percent, then France at about $92 million at a rate of 3.4 percent, and the United States at $59 million at a rate of 2.2 percent. The value of imports from Australia totaled $52 million, or 1.9 percent, in ...

Source: UkrAgroConsult