CAIRO – 9 March 2021: Egypt’s trade deficit declined 14 percent during December 2020, recording $3.28 billion, compared to $3.81 billion in the same month of 2019, according to the state's statistics agency CAPMAS. In its monthly bulletin on foreign trade data, CAPMAS said exports inched down 0.1 percent to reach $2.76 billion in December 2020, compared to $2.77 billion during the same month of 2019. Meanwhile, exports of some other commodities witnessed an increase in December such as: readymade clothes by 8 percent, fertilizers by 45.3 percent, and plastics by 35 percent. On the other side, the bulletin showed a decline of 8.1 percent in the imports to hit $6.04 billion in December of 2020, compared to $6.58 billion in the same month of 2019. CAPMAS ascribed this decrease to the drop-in imports of iron and steel, which fell by 19 percent, passenger cars by 16.8 percent, chemicals by 18.5 percent, and mobilephones by 38.2 percent.

Source: Egypt Today March 09, 2021 12:22 UTC