Egypt's Trade Deficit Shrinks 13 Pct Year-On-Year in JulySource: www.export-egypt.com 10/12/2016, Location: Africa |
|
|
|
|
|
Egypt’s trade deficit decreased in July by 13.1 percent compared to the same month of last year to reach EGP 30.9 billion, the state’s statistics body CAPMAS said in an emailed statement.
According to CAPMAS, the value of exports is up 15.5 percent year-on-year, recording EGP 15.4 billion, with fertilisers increasing 212.3 percent and crude oil 33.1 percent. The value of imports slowed 5.3 percent year-on-year to EGP 46.3 billion, with imports of cars and raw materials of steel down 35.3 percent and 16.7 percent respectively. However, imports of meat, and of organic and inorganic chemical materials saw a rise of 34.1 percent and 35.9 percent respectively, CAPMAS said. Egypt, which relies heavily on imports of wheat and other staples to feed its population of 90 million, has been facing an acute dollar crisis in recent years after political and security unrest has spooked investors and tourists. The governor of Egypt’s central bank, Tarek Amer, said in January that the government aims to reduce its import bill by 25 percent or $20 billion in 2016, from $80 billion in 2015. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
|
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | |
