The Central Agency for Public Mobilization and Statistics monitored the most important commodities whose import value decreased, which led the total bill for Egypt’s imports to decline to $7.12 billion during May 2023, compared to $7.85 billion during the corresponding month of the previous year, a decrease of 9.4%.
At the forefront of these commodities were petroleum products, whose import value fell to $435.6 million during May 2023, compared to $543.1 million during May 2022, a decrease of 19.8%.
The value of imports of raw materials of iron or steel decreased to $375.8 million during May 2023, compared to $530.8 million during May 2022, a decrease of 29.25 percent.
The value of imports of organic and inorganic chemicals amounted to $299.5 million during May 2023, compared to $383.2 million during May 2022, a decrease of 24.8%.
The value of imports of crude oil recorded $253.9 million during May 2023, compared to $457.7 million during May 2022, a decrease of 44.5%.
The value of meat imports decreased to $147 million during May 2023 compared to $168.2 million during May 2022, a decrease of 12.6%.
The value of imports of soybeans decreased to $120.9 million in May 2023, compared to $291.7 million in May 2022, a decrease of 58.5%.
The value of imports of refined oils amounted to $109.7 million during May 2023 compared to $127.4 million during May 2022, a decrease of 13.9%.