The Central Agency for Public Mobilization and Statistics (CAPMAS) - CC
CAIRO – 17 August 2022: Egypt’s trade deficit declined 35.8 percent during May 2022, recording $2.61 billion, compared to $4.06 billion in the same month of 2021, according to the state's statistics agency (CAPMAS).
In its monthly bulletin on foreign trade data, CAPMAS elaborated that exports increased 18.3 percent, recording $4.01 billion in May 2022, compared to $3.39 billion during the same month of 2021.
The bulletin attributed the increase of exports to the rise in the exports of various commodities, such as: petroleum, natural and liquefied gas products by 44.1 percent, crude oil by 30.7 percent, fertilizers by 33.9 percent, ready-made clothes by 48.1 percent
Meanwhile, exports of some other commodities witnessed a decrease in May such as: fresh fruits by 23.5 percent, pasta and food preparations by 13.7 percent, iron or steel flat-rolled products by 1 percent, and medicines and pharmaceutical preparations by 10 percent.
Moreover, the bulletin showed a decrease of 11.1 percent in imports to hit $6.62 billion in May of 2022, compared to $7.45 billion in the same month of 2021.
It attributed the decline in imports' value due to the increase in the value of imports of some commodities, such as: crude oil by 9.2 percent, petroleum products by 24.2 percent, creditors in their primary forms by 18 percent, and medicines and pharmaceutical preparations by 17.4 percent.
The value of imports of some commodities increased during May 2022 compared to the same month of the previous year, such as: Iron or steel raw materials by 25.6 percent, organic and inorganic chemicals by 17 percent, meat by 158.9 percent, and dairy and dairy products by 24 percent.