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Egypt’s steel imports decreased by 18% to $4.2 billion in 2023

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%

 

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