Egypt's trade deficit lessens 17.7% to $2.9B in August

BY

-

Tue, 09 Nov 2021 - 03:40 GMT

BY

Tue, 09 Nov 2021 - 03:40 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) - CC

The Central Agency for Public Mobilization and Statistics (CAPMAS) - CC

CAIRO – 9 November 2021: Egypt’s trade deficit dipped 17.7 percent during August 2021, recording $2.91 billion, compared to $3.53 billion in the same month of 2020, according to the state's statistics agency (CAPMAS).

 

In its monthly bulletin on foreign trade data, CAPMAS said exports hiked 50.5 percent to reach $3.26 billion in August 2021, compared to $2.17 billion during the same month of 2020.


The bulletin attributed the increase of exports to the rise in the exports of various commodities, such as: pasta and various food preparations by 66.9 percent, Plastics in their primary forms at 44.4 percent, , ready-made clothes by 35.5 percent, and fertilizers by 15.1 percent.

 

Meanwhile, exports of some other commodities witnessed a decrease in August such as: furniture by 0.9 percent, perfumes and cosmetics by 5.5 percent, aromatic oils and resins by 17.1 percent, and oil and forage seeds by 3.2 percent.

 

Moreover, the bulletin showed an increase of 8.2 percent in the imports to hit $6.17 billion in August of 2021, compared to $5.70 billion in the same month of 2020.

 

It attributed the increase in imports value due to the increase in the value of imports of some commodities, such as: petroleum products by 91.9 percent, crude oil by 30.6 percent, medicines and pharmaceutical preparations by 18.6 percent, and raw materials of iron or steel by 36.6 percent.

 

The value of imports of some commodities decreased during August 2021 compared to the same month of the previous year, such as: organic and inorganic chemicals by 4.3 percent, wheat by 30.5 percent, telephone sets for individuals by 5.3 percent, and meat by 43.5 percent.

 

 

Comments

0

Leave a Comment

Be Social