Statistics: 82.9% Growth in Car Imports Last April to $169.8 Million

89.8% Increase in Imported Spare Parts Over the Same Period

Bus Imports Recorded “Zero” During Last April

Egypt’s car imports surged in April 2024, reaching $169.8 million, compared to $92.8 million in April 2023, marking an impressive 82.9% increase.

A monthly report from the Central Agency for Public Mobilization and Statistics revealed a significant rise in imports of auto spare parts, which increased by 89.8% in April 2024 compared to the same period in 2023.

The value of these imports amounted to $58.4 million, up from $30.7 million in April 2023.

Despite this growth in specific sectors, the agency reported a general decline in total Egyptian imports for April 2024, which fell to $5.97 billion from $6.01 billion in April 2023, representing a 0.7% decrease.

Detailed Breakdown of Import Changes

Goods Transport Vehicles

Imports of goods transport vehicles saw a 7.6% decline, with April 2024 recording imports worth $9.7 million, down from $10.5 million in April 2023, an $800,000 decrease.

External Tires and Inner Tubes

There was a significant 28% drop in imports of external tires and inner tubes for transportation, which fell to $35.6 million in April 2024 from $49.5 million in April 2023, a $13.9 million reduction.

Tractors (Complete Units)

On the other hand, imports of complete tractor units experienced a remarkable 121.7% increase in April 2024, reaching $20.4 million compared to $9.2 million in April 2023. This category topped the list of commodities with the highest increase for the month.

Buses, Microbuses, and Minibusses

Imports of complete buses, microbuses, and minibosses recorded “zero” in April 2024 due to disruptions in the import movement. This is a stark contrast to April 2023, when these imports were valued at $969,000.

Summary

The fluctuations in Egypt’s import data for April 2024 highlight a complex economic landscape. While there is notable growth in specific sectors like car imports and spare parts, overall imports have slightly decreased. The significant rise in tractor imports and the absence of bus imports underscore the varying dynamics within different segments of the market.