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Global car manufacturers halt exports to Egypt due to dollar crisis

Posted on June 6, 2022   |  

  • Last March, the Egyptian government issued new rules, which stopped delays in the collection of documents in the implementation of all import operations and is a cheaper, faster, and easier way to boost trade.
  • The new restrictions on supplies will worsen the present shortage in the local market and the disruption of supply chains, at a time when inflation is growing constantly.
  • Due to this, 13 companies, including some prominent European companies such as Citroen, Volkswagen, Audi, and Peugeot, and Chinese companies such as Geely started excluding the Egyptian market from supply operations.
  • The restrictions on import operations will raise the prices of goods in the market and will have harmful repercussions on supplying the industry with its production requirements.
  • This widening gap between supply and demand will increase the prices of cars by 15-20% with a 2-5% increase in the global market.



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