Cars' Import Bill Reaches $ 651 Million Within 6 Months

date 2017/07/31 views 333 comments 0

icon-writer Mohamed.L/English version: Dalila Henache

In the first six months of 2017, imports of vehicles by car dealers declined by 71% in value and 78% in quantity.

An official in the Customs Department told APS that the invoice for cars that are imported by the car dealers reached $111.33 million between January and July 2017 compared to $382.52 million in the same period of 2016, with a decrease of 71% in terms of value.

"In terms of quantity, the number of imported tourist vehicles reached 7.787 units against 35,571 units in the first half of 2016, with a decline of 78.11%".

According to the same official, the imported cars in the first six to 2017 represent the rest of last year's orders that were made by dealership, namely, import licenses of 2016, although no import licenses were granted this year.

"In addition to the imported tourist vehicles in their final status, the bill of imported assemblies for the purpose of domestic installation by the agents reached $ 540 million in the first half of 2017, compared to $ 268 million in the corresponding period of 2016".

"Thus, the total invoice for imports of tourist vehicles, either in their final form or assemblies that are destined for installation, is estimated at $ 651.45 million in the first six months of 2017 compared to $ 650.5 million in the same six of 2016".

"In addition to these imports that were carried out in a commercial framework by the agents, it was noted that the imports of private goods doubled in value and quantity together in the first half of 2017".

According to the customs official, the private importers imported 6,950 cars valued at $ 170 million in the first six months of 2016, bringging the number to 13,918 vehicles worth $ 373 million in the same period of this year, with an increase of 100.26% in quantity and 118.73% in terms of the value.

On the other hand, in addition to the tourist vehicles that are classified as non-food consumer goods, the import bill for people, goods and assemblies that is destined for the installation of this type of vehicle (classified as equipment) fell to $240 million in the first six months of 2017, against $379 million in the same period of 2016, with a decline of 37%.

The import bill for tourist cars and assemblies for reached the total of $1.3 billion in 2016 compared to $2.04 billion in 2015 and $5.7 billion in 2014.

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