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Commodities Worth USD 63 Billion Released From Egyptian Ports in 2023

A backlog of goods worth USD 5 billion still await release from Egyptian ports.

Cairo Scene

Commodities Worth USD 63 Billion Released From Egyptian Ports in 2023

Since the start of 2023, Egypt’s ports have released imported commodities worth USD 63 million, with goods worth USD 5 billion still awaiting release. The Egyptian Customs Authority (ECA) announced that they are continuing their efforts in expediting the release process.

Ever since the start of the Russia-Ukraine war, which has affected economies across the globe, Egypt has been struggling with releasing its goods from ports due to a shortage of foreign currency and the resulting devaluation of the Egyptian pound. The backlog of products at Egyptian ports reached an all-time high in October 2022, with goods worth USD 15 billion.

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