Recent official data has revealed that Egyptian imports of mobile phones have continued to decline. Total imports of phones from Egypt fell to about $539,000 last October, compared to about $116.685 million in the same period last year, a decline of about 99.5%.
According to the periodic bulletin issued by the Central Agency for Public Mobilization and Statistics in Egypt, Egypt’s imports of mobile phones continue to decline from the start of the Russo-Ukrainian war in late February to today, as agency data estimates Egypt’s total imports of mobile phones at about $337 million in the first 8 months Compared to last year, compared to about 1.230 billion US dollars in the same period of 2021, a decrease of about 893.532 million US dollars, a decrease of about 72.6%.
These declines come against the backdrop of the dollar shortage crisis and the inability of companies operating in the Egyptian market to provide the hard currency needed to complete import operations.
According to available data, Egyptian imports of mobile phones recorded only about $326,000 during the month of September, while they were about $114,483 million in September 2021, a decrease of about $114,157 million, a decrease of about 99 .7%.
Mobile phone imports continue their downward trend since the beginning of questyear, posting approximately $273.656 million in the first quarter of questyear, compared to about $467.284 million in the same period last year, a decline of $193.628 million, a decline of about 41.4%.
The agency had revealed an increase in the value of Egyptian imports from various countries around the world to reach $80.7 billion during the first 10 months of 2022, up from $72.6 billion during the same period of 2021, an increase of $ 8.1 billion, an increase of 11.1%.
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