Cost Elements of Importing into Egypt: Understanding the Burden

Import costs substantially influence many aspects of import flows, such as who imports, what is imported, and from whom. They also impact the goods that are available to consumers and the prices paid. A study estimating the main costs borne by importers to comply with customs procedures in Egypt reveals that complying with customs procedures generates a burden on importers estimated to range from 457 to-7,962 USD; releasing the shipment from the customs authority takes Six–seventeen days. Moreover, importers may pay storage fees for one–twelve days and demurrage fees for one–ten days. These outcomes illustrate the inefficiencies and unnecessary costs borne by importers, and the recommendations offer solutions for policymakers to facilitate optimal policy planning.