Trade Deficit
The decline in the trade balance deficit during January 2023 is due to a decrease in the value of imports by 28.2 percent, reaching $6.33 billion, compared to $8.83 billion for the same month of the previous year.
The decline in the trade balance deficit during December 2022 is due to a decrease in the value of imports by 28 percent, reaching $6.11 billion, compared to $8.49 billion for the same month of the previous year.
Egypt’s imports dipped during November 2022 by 26.8 percent, to reach $5.94 billion, down from $8.11 billion during November 2021.
The trade balance deficit decreased to $33.5 billion in the first nine months of 2022 in comparison to $34.9 billion during the same period in 2021 with a 4 percent decrease.
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.
Exports decreased 7.6 percent, recording $3.33 billion in August 2022, compared to $3.61 billion during the same month of 2021.
Egypt’s trade balance deficit fell by 28.7 percent in July year-on-year, recording $2.7 billion compared to $3.8 billion in the same month of 2021, according to an official Tuesday report.
CAPMAS elaborated that exports decreased 3.3 percent, recording $3.75 billion in June 2022, compared to $3.88 billion during the same month of 2021.
Exports increased 18.3 percent, recording $4.01 billion in May 2022, compared to $3.39 billion during the same month of 2021.
Exports increased 54.2 percent, recording $4.94 billion in April 2022, compared to $3.20 billion during the same month of 2021.
Exports increased 44.1 percent, recording $5.48 billion in March 2022, compared to $3.81 billion during the same month of 2021.
Exports increased 41 percent, recording $4.12 billion in February 2022, compared to $2.92 billion during the same month of 2021.
Exports increased 34.5 percent, recording $3.99 billion in January 2022, compared to $2.97 billion during the same month of 2021.
Exports increased 45.3 percent, recording $4.32 billion in December 2021, compared to $2.97 billion during the same month of 2020.
In its monthly bulletin on foreign trade data, CAPMAS elaborated that exports increased 80.6 percent, recording $4.48 billion in November 2021, compared to $2.48 billion during the same month of 2020.
In its monthly bulletin on foreign trade data, CAPMAS attributed the decrease of the trade deficit to the increase of the exports by 36.6 percent.
Exports hiked 50.5 percent to reach $3.26 billion in August 2021, compared to $2.17 billion during the same month of 2020.
Exports hiked 31.5 percent to reach $2.94 billion in July 2021, compared to $2.24 billion during the same month of 2020.
CAPMAS said exports hiked 80.3 percent to reach $3.11 billion in May 2021, compared to $1.72 billion during the same month of 2020.
CAPMAS said exports hiked 47.4 percent to reach $2.84 billion in April 2021, compared to $1.93 billion during the same month of 2020.
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