Egypt’s Trade Deficit Falls 43.8%

Egypt’s Trade Deficit Falls 43.8%

Egypt’s trade deficit decreased by 43.8% year-on-year in May, according to statistics released by the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed and reported Al Ahram Gate.

The country’s trade deficit was approximately $2.32 billion in May 2017, down from $4.14 billion in May 2016.

Egyptian exports were 8.8% higher in May 2017 than in May 2016, reaching $2.28 billion from $2.09 billion. At the same time, Egypt’s imports fells to $4.6 billion from $6.32 billion, a decrease of 26.1%.

Sarah Samir 2896 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.

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