CAPMAS headquarters - File photo CAPMAS headquarters - File photo

Trade balance deficit hits $3.34 bn in May 2019: CAPMAS

Tue, Aug. 6, 2019
CAIRO, Aug 6 (MENA) - Egypt's trade balance deficit declined to 3.34 billion dollars in May 2019 compared with 4.42 billion dollars in May of 2018, marking a drop of 24.6 percent, said the Central Agency for Public Mobilization and Statistics (CAPMAS) on Tuesday.

Egypt's exports increased by 1.6 percent in May 2019 recording 2.68 billion dollars compared with 2.64 billion dollars in the same month last year, CAPMAS added in its monthly bulletin.

The agency attributed such a boost to an increase in exports of some products, atop of which fertilizers by 27.5 percent, ready-to-wear clothes by 2.8 percent and plastics by 33.8 percent.

The report showed that Egypt's imports went down by 14.8 percent to reach 6.01 billion dollars during May 2019 compared with 7.06 billion dollars in May 2018.
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