{"id":1558,"date":"2023-08-10T07:26:52","date_gmt":"2023-08-10T07:26:52","guid":{"rendered":"https:\/\/www.autoclub.app\/?p=1558"},"modified":"2023-08-10T08:01:14","modified_gmt":"2023-08-10T08:01:14","slug":"car-imports-in-egypt-hit-169-4-million-in-may-2023-amid-market-variations","status":"publish","type":"post","link":"https:\/\/autoclub.app\/blog\/en\/car-imports-in-egypt-hit-169-4-million-in-may-2023-amid-market-variations\/","title":{"rendered":"Car Imports in Egypt Hit $169.4 Million in May 2023 Amid Market Variations"},"content":{"rendered":"

Car Imports in Egypt Hit $169.4 Million in May 2023 Amid Market Variations<\/h1>\n

For the first time this year, Egypt’s car imports expenditure reached $169.4 million in May 2023. This was highlighted in the latest monthly report from the Central Agency for Public Mobilization and Statistics. Interestingly, the same month saw a 22% decline in the imports of auto spare parts.<\/p>\n

The agency’s report notes a significant 37.6% increase in car imports compared to the same period last year, which recorded $123.1 million. Conversely, auto parts imports dropped to approximately $53.7 million in May 2023, a $15.3 million decrease from the $69 million reported in May 2022.<\/p>\n

In a broader context, Egypt’s overall imports in May 2023 decreased by 9.4%, amounting to roughly $7.12 billion, compared to the $7.85 billion during the same period in 2022.<\/p>\n

\"car-imports-sales-may-2023\"
#image_title<\/figcaption><\/figure>\n

The transportation sector saw varied changes:<\/h2>\n
    \n
  • Freight vehicle imports plummeted by 58.5%, with an import value of $11.8 million, showing a decline of about $16.7 million from May 2022.<\/li>\n
  • Imports of tires and inner tubes skyrocketed by 63.9%, reaching roughly $53.6 million. This was an impressive increase of $20.9 million over the previous year.<\/li>\n
  • Tractor imports experienced a downturn of 40.5%, with a total value of about $8.5 million, marking a decline of $5.8 million from the previous year’s figures.<\/li>\n<\/ul>\n

    The car sales landscape was not favorable either. In May 2023, there was a 57.2% decline in the car market, with sales plummeting to approximately 7.3 thousand cars from the 17.1 thousand cars sold in May 2022, as per the Automotive Market Council report.<\/p>\n

    Detailed sales figures from the report further outline:<\/p>\n

      \n
    • \u201cOwnership\u201d cars: Sales fell by 51.8% to 5.7 thousand cars from 11.8 thousand in the previous year.<\/li>\n
    • Bus sales: There was a 60.6% reduction, totaling 694 buses, down from 1.7 thousand in May 2022.<\/li>\n
    • Truck sales: The decline was sharper at 68.5%, with only about 924 trucks sold compared to 3.5 thousand in the comparative period of the prior year.<\/li>\n<\/ul>\n

       <\/p>\n

      These fluctuations in both import and sales figures underline the evolving dynamics of Egypt’s automotive sector in 2023.<\/p>\n

       <\/p>\n","protected":false},"excerpt":{"rendered":"

      Car Imports in Egypt Hit $169.4 Million in May 2023 Amid Market Variations For the first time this year, Egypt’s car imports expenditure reached $169.4 million in May 2023. This was highlighted in the latest monthly report from the Central Agency for Public Mobilization and Statistics. Interestingly, the same month saw a 22% decline in …<\/p>\n","protected":false},"author":2,"featured_media":1556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[44],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/1558"}],"collection":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/comments?post=1558"}],"version-history":[{"count":1,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/1558\/revisions"}],"predecessor-version":[{"id":1559,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/1558\/revisions\/1559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/media\/1556"}],"wp:attachment":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/media?parent=1558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/categories?post=1558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/tags?post=1558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}