$21.3 million in Egyptian car exports in 5 months

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$21.3 million in Egyptian car exports in 5 months

The report issued by the Central Agency for Public Mobilization and Statistics showed that the value of car exports of all kinds decreased by 20% to reach 21 million, 392 thousand and 280 dollars during the first five months of this year, compared to about 26 million and 723 thousand and 934 in the corresponding period of the previous year.

The total number of vehicles exported from Egypt to various foreign markets; About 128 units - distributed as 100 buses, and 28 vehicles for special purposes.

Belgium and Côte d'Ivoire joined the list of countries importing locally assembled cars, bringing the total number of foreign markets to 12 countries during that period. China, and Tanzania.

According to the report of the Central Agency for Public Mobilization and Statistics - a copy of which was obtained by Al-Mal -, "Hong Kong" topped the list of countries importing the most locally produced cars, after grabbing an import share of 56.3%, at a value of 12 million and 38 thousand dollars.

"Cameroon" came in second place after it managed to increase its market share to 22.2 percent, with an import value of 4 million and 738 thousand dollars, followed by "Saudi Arabia" in third place with a share of 8.5%, valued at 1.8 million dollars.

And «UAE» ranked fourth after it acquired an import share of 5.1%, with a value of one million and 93 thousand dollars, followed by the “United Kingdom” in fifth place with a share of 4.5%, with a value of 954.7 thousand dollars.

Côte d'Ivoire ranked sixth, with a market share of 1.7 percent, with a value of 366.6 thousand dollars, followed by "Libya" in seventh place, with a share of 0.5 percent, with an import value of 115,7 thousand dollars.

Ireland ranked eighth, with a 0.5% import share, valued at $114,2 thousand, followed by “Tanzania” in ninth place, with a 0.2% share, with an import value of $52.2 thousand.

“China” appeared in the tenth place, recording a market share of 0.21%, with a value of 44.1 thousand dollars, followed by “Oman” in the eleventh place, with a share of 0.2%, with a total of 42.7 thousand dollars.

And “Belgium” ranked 12th in the list of countries importing locally assembled vehicles, with a market share of 0.06%, with a value of 12.6 thousand dollars during the first five months of this year.

Khaled Saad, Secretary-General of the Association of Automobile Manufacturers, said in previous statements that the largest share of the total exports of the automobile sector is concentrated in the “buses” sector due to the high percentage of the local component in them, and the adoption of local manufacturers the latest standards and technological methods used in the manufacture of vehicles, explaining that the Despite the presence of many passenger car factories, the opportunities to export them to foreign markets are very limited for reasons related to the price factor and the increase in production costs, which limits the competitive opportunities for passenger cars and weakens the possibility of marketing them in foreign markets. According to data issued by the Automobile Market Information Council (AMIC), sales of locally assembled cars recorded - an increase - by 61.3% to reach 27,138 vehicles during the first half of this year, compared to about 16,829 units in the corresponding period of the previous year.