Statistics: Car Imports Declined by 14.6% in June 2024

Egypt’s car imports significantly dropped in June 2024, following seven consecutive months of growth from November 2023 to May 2024.

According to a report by the Central Agency for Public Mobilization and Statistics (CAPMAS), the total value of private car imports amounted to $133.8 million in June 2023, compared to $156.7 million in June 2023, representing a 14.6% decrease.

The report also highlighted a 24.8% increase in auto spare parts imports during June 2024.

The value reached $49.2 million, up from $39.4 million in June 2023, reflecting a rise of $9.8 million.

In addition to cars, Egypt’s overall imports in June 2024 experienced a slight decline, totaling $6 billion, down 3.3% from $6.21 billion in the same month of 2023.

Decline in Goods Transport Vehicle Imports

Imports of goods transport vehicles also dropped by 25.6%. The value fell to $10.7 million in June 2024 from $14.4 million in June 2023, a decrease of $3.7 million.

Growth in Tire and Tractor Imports

On the other hand, imports of external tires and inner tubes for transport vehicles increased by 28.5%, rising to $45 million from $35 million in June 2023, a growth of $10 million.

Additionally, finished tractor imports surged by an impressive 392%, reaching $24.6 million in June 2024, compared to just $5 million in the same month the previous year.

This made tractors one of the commodities with the highest import growth during June 2024, as per CAPMAS data.

Drop in Bus and Minibus Imports

Conversely, imports of finished buses, microbuses, and minibosses plummeted during June 2024, recording just $203,000, down significantly from $994,000 in June 2023.

The report illustrates the varied dynamics in Egypt’s import market, with significant fluctuations across different vehicle categories.