Egypt’s trade deficit increased by 23.8% to $2.33bn during April 2023, compared to $1.89bn in the same month of previous year, according to the Central Agency for Public Mobilization and Statistics. Egypt’s exports decreased by 44.9% to $3.03bn during April 2023, versus $5.50bn in the same month of previous year, due to a decreased value of some commodities such as natural gas by 75.6%, fruits by 58.8%, crude oil by 48.2%, and ready-made clothes by 34.1%. While exports value of some commodities increased during April 2023, versus the same month of previous year such as wires of iron by 568.8%, pasta and various food preparations by 35.6%, onion by 65.8.6%, and dairy products by 1.4%. Imports of some commodities increased in April 2023, versus the same month of previous year such as petroleum products by 13.8%, corn by 61.3%, natural gas by 16.6%, and iron ores and concentrates by 5.2%. © 2022 Daily News Egypt.

Source: The North Africa Journal July 05, 2023 12:00 UTC