Egypt's imports of corn rise to 325 million dollars in one month

Published 2022년 9월 19일

Tridge summary

In 2022, Egypt experienced a significant surge in maize imports, with the country spending 325 million and 490 thousand dollars in June alone, marking a 108 million and 706 thousand dollar increase compared to the same period in 2021. Maize is a crucial component of Egypt's raw material imports, which saw a total value of 992 million and 847 thousand dollars in June 2022, up from 769 million and 554 thousand dollars in June 2021. Additionally, imports of sesame and tobacco also increased, whereas imports of tobacco and smoke paper decreased. This surge in imports contributed to a notable decline in the trade balance deficit, which dropped to $3.21 billion in June 2022, a 12.4% decrease compared to the same month in the previous year.

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Original content

Egypt’s imports of maize witnessed a remarkable increase in the middle of this year 2022, as data from the Central Agency for Public Mobilization and Statistics said that maize imports recorded about 325 million and 490 thousand dollars last June, while they were about 216 million and 784 thousand dollars in June of 2021 , an increase of 108 million and 706 thousand dollars. Maize is among the most important Egyptian imports of raw materials, with a total value of about 992 million and 847 thousand dollars last June, compared to 769 million and 554 thousand dollars in the same month in 2021, an increase of about 223 million and 293 thousand dollars. Among the most important The imports of raw materials were also the imports of sesame, which recorded about 8 million and 731 thousand dollars last June, compared to 5 million and 666 thousand dollars in the same month in 2021, an increase of 3 million and 65 thousand dollars, then imports of tobacco and smoke paper, and the value of ...

Source: Youm7