Imports decline $900M in 30 days: CAPMAS

CAIRO – 31 August 2017: Egypt’s imports decreased by $900 million to $3.7 billion in June 2017, down from $4.6 billion in May 2017, source in the Central Agency for Public Mobilization and Statistics (CAPMAS) said.

The source added to Egypt Today that exports also declined to $1.8 billion in June, after registering $2.28 billion in May. Deficit of trade balance reached $1.8 billion in June.

Egypt trade balance deficit

declined 43.8 percent to $2.32 billion in May 2017, down from $4.14 billion in the same month of the previous year.

The value of exports rose 8.8 percent year-on-year to $2.28 billion compared to $2.09 billion in the year-ago period.