Egypt Sees Decrease in Exports/Imports And Increase in Trade Balance DeficitSource: www.export-egypt.com 7/6/2023, Location: Africa |
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The foreign trade data bulletin for April, issued by the Central Agency for Public Mobilization and Statistics, showed an increase in the trade balance deficit value by about 23.8 percent after it reached US$2.33 billion, compared to $1.89 billion for the same month of the previous year.
The bulletin indicated a decrease in the value of exports by 44.9 percent, reaching $3.03 billion in April, compared to $5.50 billion for the same month in 2022, due to the decrease in the value of exports of some commodities – most notably natural and liquefied gas by 75.6 percent, fresh fruits by 58.8 percent, and crude oil by 48.2 percent, and ready-made clothes by 34.1 percent. The value of exports of some commodities increased during April, compared to the same month last year, the most important of which are iron bars, sticks, angles and wires by 568.8 percent, pasta and various food preparations by 35.6 percent, fresh onions by 65.8 percent, and dairy products by 1.4 percent. The value of imports decreased by 27.4 percent, reaching $5.36 billion, compared to $7.38 billion for the same month of the previous year, due to a decrease in the value of imports of some commodities, the most important of which were wheat, by 1.4 percent, and organic and inorganic chemicals by 2.1 percent. The value of imports of some commodities increased during April, compared to the same month in 2022, the most important of which are petroleum products by 13.8 percent, natural gas by 16.6 percent, and iron ores and concentrates by 5.2 percent. |
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