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Tuesday, 10 December 2013

Where it costs most (and least) to bring cargo in and out of Egypt

It takes more time and money to import cargo through Sokhna, near the Suez Canal, than through other Egyptian ports, according to research published by the IFC (International Finance Corporation) and the World Bank. Sokhna is also the place where export procedures take the longest.

The study, published on Sunday, looks at the procedural requirements for exporting and importing a standardised cargo of goods through five ports: Alexandria, Damietta, Port Said East, Port Said West, and Sokhna. Documents associated with every official procedure were counted—from the contractual agreement between the two parties to the delivery of goods—along with the time necessary for completion.

To export goods, Damietta is the quickest (10 days), while Sokhna is the slowest (12 days). Port Said West is the cheapest ($532), while Port Said East is the most expensive ($694), followed by Sokhna ($667).

For imports, Alexandria is the cheapest one ($780), followed by Port Said West (831$) and Damietta ($857). These three ports are also the quickest ones as import procedures take 14 days there.

On the opposite side, Sokhna is both the slowest (16 days) and most costly port ($1,047) to bring cargo into Egypt.

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