Egypt's trade balance deficit decreased 35 percent by $5.57 billion, during January -April period
In light of the decline of oil prices, Egypt increased its crude oil imports in the first two months of 2020.
There are negative and positive aspects.
Out of 15 seaports across the country, Alexandria Port is the gate of 40 percent of imports and exports and handles 157 million tons per annum.
Kuwait has facilitated entry measures of Egyptian agricultural imports into its territories.
CAPMAS said exports rose 1.4 percent to reach $2.48 billion in January 2020, compared to $2.45 billion during the same month of 2019.
Belarus' exports to Egypt hit $116 million, marking an increase of 40 percent, while the Egyptian exports to Belarus reached $25 million.
A number of Egyptian importers suspended signing deals to import Chinese garlic because of coronavirus.
Exports dropped 0.8 percent to reach $2.37 billion in November 2019, compared to $2.39 billion during the same month of 2018.
Egypt has become a natural gas exporter in the final quarter of 2018, the ministry underscored.
Egyptian exports to the United Kingdom amounted to about £720.8 million during the period from January to September 2019.
Imports from East Asia countries increased 24.6 percent, recording $21.2 billion, compared to $17 billion.
Egyptian imports from the AU countries were to the tune of $2.2 billion in 2018, compared to $1.85 billion in 2017.
In its monthly bulletin on foreign trade data, CAPMAS said exports dropped 3 percent to reach $1.97 billion in August 2019, compared to $2.03 billion in August 2018.
CAPMAS said that exports dropped 5.7 percent to reach $2.22 billion in July 2019, compared to $2.35 billion during the same month of 2018.
The deficit between Egypt and the US decreased by 8.7 percent within the same period.
The Egyptian exports hit $140 million, while imports reached $120 million during 2018.Trade balance surplus logged $20.3 million.
CAPMAS said that exports rose 4.3 percent to reach $2.3 billion in June 2019, compared to $2.2 billion during the same month of 2018.
Egypt's imports declined in eight sectors, most prominently in the furniture sector whose imports lessened to $56 million in June 2019, compared to $127 million in June 2018.
The report revealed that trade deficit increased by $382 million for India’s favor, marking an increase of 14.7 percent during January/April period.