Egypt’s Trade Balance Deficit Shrinks by 49.6% in March

According to the Central Agency for Public Mobilisation and Statistics (CAPMAS), Egypt’s trade balance deficit in March saw a significant decrease of 49.6 percent, reaching $1.96 billion compared to $3.89 billion in the same month of the previous year.

The report indicates that this decline is primarily attributed to a 34.6 percent decrease in the value of Egypt’s exports, which amounted to $3.75 billion during March, down from $5.72 billion in the corresponding month last year.

The decrease in export value can be attributed to several factors, including a significant drop in the value of commodities such as natural and liquefied gas by 67.9 percent, fertilizer by 54 percent, ready-to-wear by 25.3 percent, and crude petroleum by 50.5 percent.

These figures highlight the challenges faced by Egypt’s export sector, particularly in relation to certain commodities that experienced notable declines in value during the given period.



Leave a Reply

Your email address will not be published. Required fields are marked *