Egypt’s trade balance deficit fell by 41.3% in September 2022 to reach $2.44 billion, compared to $4.15 billion recorded in September 2021, revealed the latest data from CAPMAS
Egypt’s trade balance deficit fell by 41.3% in September 2022 to reach $2.44 billion, compared to $4.15 billion recorded in September 2021, revealed the latest data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egyptian exports were up by 11.6% in September to hit $4.11 billion, compared to $3.33 billion in August.
The statistics agency attributed the increase in the value of exports of certain commodities, including liquefied natural gas by 671.7%, fertilizers by 15.1%, ready-made clothes by 9.2%, and plastics in their primary forms by 3.9%.
Certain commodities saw their value fall during September, primarily petroleum products by 29.3%, crude oil by 47%, pasta and various food preparations by 22.6%, and medicines and pharmaceuticals by 25.5%.
Imports decreased by 16.4% to record $6.55 billion, compared to August’s $7.51 billion, according to CAPMAS’s report.
The value of imports of some commodities decreased, the most important of which was wheat by 2.6%, plastics in their primary forms by 0.1%, organic and inorganic chemicals by 3.8%, and medicines and pharmaceuticals by 35.4%.
While the value of imports of some commodities increased during the month of September compared to the same month of the previous year, the most important of which are petroleum products by 84.6%, natural gas by 69%, dairy products by 3.7%, and tanning and dyeing extracts by 21.2%.
