Egypt's trade deficit down 3.1 percent year-on-year in August

Egypt's trade deficit was down 3.1 percent in August compared to the same month last year, reaching EGP 37.8 billion, the state's statistics body CAPMAS said in a Monday statement.

On a monthly basis, the trade deficit has increased from EGP 30.9 billion in July.

Exports have increased in August year-on-year by 22.9 percent to reach EGP16.7 billion, CAPMAS reported, with fertilisers increasing by 87.9 percent and crude oil by 16.6 percent.