Egypt’s wheat imports from Russia soar 84% YoY in three months

Reuters

The North African country received 1.056 mln tons of wheat from Russia in the March-May period

Staff Writer, Arab Finance

June 20, 2022

PHOTO

Egypt’s wheat imports from Russia surged 84% year-on-year (YoY) during the period from March until May, Reuters reported on June 15th.

The North African country received 1.056 million tons of wheat from Russia in the March-May period, compared to 573,213 tons in the same period a year earlier.

During the period from January until May, Egypt’s total wheat imports declined by 24% YoY to 3.3 million tons, while wheat imports from Russia decreased by 30% YoY in the same period to 1.66 million tons.

On June 16th, Egyptian Minister of Trade and Industry Nevine Gamea revealed that trade exchange between Egypt and Russia amounted to $4.7 billion in 2021, increasing by 5.1% YoY from $4.5 billion.

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