Egypt’s Trade Deficit Falls 10.1% YOY: CAPMAS

Egypt’s Trade Deficit Falls 10.1% YOY: CAPMAS

Egypt’s trade deficit decreased by 10.1% year-on-year (YOY) in September 2018 to reach $3 billion, compared to $3.35 billion in September 2017, Amwal Al Ghad reported.

Official figures published by the Central Agency for Public Mobilization and Statistics (CAPMAS) show that the country’s trade deficit declined by almost a quarter (24.1%) over a month from the $3.95 billion recorded in August 2018.

CAPMAS cited rising crude exports as a key driver for the improving figures, having increased 36% YOY. The agency also said thatstrong exports of clothes (39.5% YOY) and fertilizers (55.6% YOY) also made a significant contribution.

 

Sarah Samir 2823 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register