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Egypt's trade deficit decreases 41.3% during September

Trade recorded $2.44 billion, compared to $4.15 billion during the same month of the previous year, according to the state's statistics agency.
06.12.22 | Source: Egypt Today

Egypt's trade balance deficit decreased 41.3 percent during September on an annual basis, to record $2.44 billion, compared to $4.15 billion during the same month of the previous year, according to the state's statistics agency (CAPMAS).

 

In its monthly bulletin on foreign trade data, the CAPMAS attributed the decrease in the deficit to an increase in exports during the month by 11.6 percent on an annual basis, to record $4.11 billion, and a decrease in imports by 16.4 percent on an annual basis, to a record of $6.55 billion.


The most important commodities whose export value increased were liquefied natural gas by 671.7 percent, fertilizers by 15.1 percent, ready-made clothes by 9.2 percent, and plastics in their primary forms by 3.9 percent.

 

On the other hand, the value of exports of some commodities decreased during September, the most important of which are petroleum products by 29.3 percent, crude oil by 47 percent, pasta and various food preparations by 22.6 percent, and medicines and pharmaceuticals by 25.5 percent.

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