Foreign trade data showed that Egypt’s imports of raw materials of iron, steel, iron ore and their concentrates in January-September 2023 amounted to $4.163 billion, a decline of 25.5% compared to the same period in 2022, which amounted to $5.589 billion.

The value of Egypt’s imports of iron or steel raw materials declined to reach $2.937 billion during the first 9 months of 2023, compared to $4.363 billion in the same period of 2022, a decrease of 32.7%.

While the value of Egypt’s imports of iron ore and concentrates recorded a slight increase in the period from January to September 2023, recording $1.226 billion compared to $1.225 billion in the same period in 2022, with a growth of 0.1%.

Imports of iron ore, concentrates, and raw materials of iron and steel account for about 6.8% of the total value of Egyptian imports, amounting to $61.37 billion in the period from January to September 2023.

In September, Egypt’s imports of iron ore, concentrates, and raw materials of iron and steel increased by 6%, reaching $517.6 million, compared to $488.2 million in September 2022.

Egypt’s imports of iron or steel raw materials increased last September by 27% to record $389.61 million, compared to $306.866 million during the same month of 2022.

While Egypt’s imports of iron ore and concentrates decreased by 29.4% last September to reach $128.021 million, compared to $181.309 million during September 2022.