Egypt’s imports of iron and steel declined by 17.8% during 2023, to record about $4.216 billion, compared to $5.133 billion during 2022, accounting for 5.1% of total Egyptian imports during this year.
The data of the Central Agency for Public Mobilization and Statistics explained. 10 countries accounted for 83.5% of Egypt’s total iron and steel imports during the past year, at a value of $3.521 billion, compared to $3.738 billion during 2022.
Imports from 4 countries declined: the United Kingdom from $653.5 million in 2022 to $577.8 million in 2022, Belgium from $501.2 million to $500.8 million, Turkey from $539.6 million to $419.7 million, and India from $539.2 million to $197.0 million. .
While imports from 6 countries increased, namely China from $625.1 million in 2022 to $661.3 million in 2023, Russia from $370.2 million to $548.9 million, the Netherlands from $287.7 million to $302.7 million, Italy from $93.6 million to $106.1 million, and France from $44.5 million to $105.2 million, and Lebanon from $82.9 million to $101.5 million.
The top 10 countries exporting iron and steel to Egypt, in millions of dollars during the year 2022-2023.
Country | 2023 | 2022 | Change |
China | 661.3 | 625.1 | 5.8% |
United Kingdom | 577.8 | 653.5 | -11.6% |
Russia | 548.9 | 370.2 | 48.3% |
Belgium | 500.8 | 501.2 | -0.1% |
Turkey | 419.7 | 539.6 | -22.2% |
Netherlands | 302.7 | 287.7 | 5.2% |
India | 197.0 | 539.2 | -63.5% |
Italy | 106.1 | 93.6 | 13.4% |
France | 105.2 | 44.5 | 136.4% |
Lebanon | 101.5 | 82.9 | 22.4% |
Total | 3,521.0 | 3,737.5 | -5.8% |