Egypt sees exports/imports falling and the trade deficit widening

Nabil Anas

Global Courant

The foreign trade bulletin for April, published by the Central Bureau for Public Mobilization and Statisticsshowed an increase in the trade deficit of about 23.8 percent after it reached $2.33 billion, compared to $1.89 billion for the same month of the previous year.

The bulletin pointed to a 44.9 percent drop in the value of exports, to $3.03 billion in April, compared to $5.50 billion for the same month in 2022, due to the fall in the value of exports. exports of some commodities – notably natural and liquefied gas at 75.6 percent, fresh fruit at 58.8 percent, crude oil at 48.2 percent, and ready-to-wear at 34.1 percent.

The value of exports of some commodities increased in April compared to the same month last year, the most important of which are iron bars, sticks, angles and wires with 568.8 percent, pasta and various food preparations with 35.6 percent, fresh onions by 65.8 percent. percent and dairy products at 1.4 percent.

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The value of imports fell 27.4 percent to $5.36 billion, compared to $7.38 billion for the same month of the previous year, due to a fall in the value of imports of some commodities, including wheat the most important was, at 1.4 percent, and organic and inorganic chemicals at 2.1 percent.

The value of imports of some commodities increased in April compared to the same month in 2022. The most important of these are petroleum products at 13.8 percent, natural gas at 16.6 percent, and iron ore and concentrates at 5.2 percent.

Egypt sees exports/imports falling and the trade deficit widening

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