Egypt's trade deficit decreases 41.3% during September

CAIRO - 5 December 2022: Egypt's trade balance deficit decreased 41.3 percent during September on an annual basis, to record $2.44 billion, compared to $4.15 billion during the same month of the previous year, according to the state's statistics agency (CAPMAS).

 

In its monthly bulletin on foreign trade data, the CAPMAS attributed the decrease in the deficit to an increase in exports during the month by 11.6 percent on an annual basis, to record $4.11 billion, and a decrease in imports by 16.4 percent on an annual basis, to a record of $6.55 billion.

 

The most important commodities whose export value increased were liquefied natural gas by 671.7 percent, fertilizers by 15.1 percent, ready-made clothes by 9.2 percent, and plastics in their primary forms by 3.9 percent.

 

On the other hand, the value of exports of some commodities decreased during September, the most important of which are petroleum products by 29.3 percent, crude oil by 47 percent, pasta and various food preparations by 22.6 percent, and medicines and pharmaceuticals by 25.5 percent.

 

The value of imports of some commodities decreased, such as: wheat by 2.6 percent, plastics in their primary forms by 0.1 percent, organic and inorganic chemicals by 3.8 percent, and medicines and pharmaceuticals by 35.4 percent.

 

While the value of imports of some commodities increased during September, including: petroleum products by 84.6 percent, natural gas by 69 percent, dairy products by 3.7 percent, and tanning and dyeing extracts by 21.2 percent.