Egypt imported EGP 227.7 bn-worth of food products in 2018, according to a Customs Authority report cited by Youm7. Spending on vegetables totaled EGP 60.3 bn (26.3% of import spend) while EGP 42.3 bn (18.5%) was spent on wheat — Egypt’s biggest stand-alone import. EGP 27.7 bn was spent on meat imports (around 12% of imports). A large proportion of last year’s imports were staples subject to little or zero customs duties, the report noted, with no mention of last year’s figures or an annual percentage change.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…