Egypt is working on an agreement with Israel to boost its natural gas imports by about 58% from the current 950 million cubic feet per day, starting the second half (H2) of 2025.

Egypt’s non-oil trade deficit narrowed by 4.6% year on year (YoY) in 2024, reaching $37.3 billion, driven by a 14.5% increase in exports.

Egypt's wheat imports jumped to their highest level in 10 years in 2024, reaching 14.2 million tons, compared to 10.8 million tons in 2023.

Egypt’s imports of wheat increased by 40% year-on-year (YoY) to 14 million tons during 2024

The Egyptian Ministry of Investment and Foreign Trade has announced new regulations governing the customs clearance process for cars imported for personal use, effective Thursday, December 26th.

Egypt’s Ministry of Petroleum and Mineral Resources has announced plans to increase natural gas imports from Israel by approximately 17% starting January 2025.

The value of Egypt’s total exports in 2023 stood at $42.5 billion, 18.5% down from $52.2 billion in 2022, according to a press release from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Trade exchange between Egypt and Ireland stood at $448 million during the first 10 months of 2023, up from $428 million in the year-ago period, according to a press release from the Central Agency for Public Mobilization and Statistics.

Trade exchange between Egypt and Norway grew to $217 million during the first 10 months of 2024, from $204 million in the same period last year

Egypt's wheat imports have increased by 17% in the first nine months of 2024, reaching a total of $3.36 billion, compared to $2.86 billion during the same period last year.

Egypt’s trade deficit climbed by 21.3% year on year (YoY) in August, reaching $4.88 billion, versus $4.03 billion.

Egypt’s wheat reserves are sufficient for 4.6 months, while reserves of cooking oil and sugar are adequate for seven and 14 months, respectively.

Egypt has scaled back its liquefied natural gas (LNG) imports at the Ain Sokhna regasification terminal, east of Cairo, by about a third to around 500 million cubic feet per day.

The General Authority for Supply Commodities (GASC) has announced a new international tender to procure an unspecified amount of wheat from all origins for the first time since August.

The Central Bank of Egypt (CBE) has instructed banks for the first time in two months to allocate dollars for letters of credit (LC) concerned with importing non-essential goods that require pre-approval.

The Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib has called on automotive dealers and agents to limit their import requests for 2025 to 5% of the total cars imported in 2023.

The Ministry of Investment and Foreign Trade has denied the recently published news on social media on reducing the car import quota by around 20% as of this month, with a maximum of 8,000 cars monthly instead of 10,000.