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Egypt’s trade deficit dips in July

Egypt’s trade deficit dips in July

Cairo, Oct 13 (Prensa Latina) Egypt's trade deficit lessened 14.6 percent year-on-year in July, recording 2.88 billion dollars, the state's statistics agency CAPMAS reported on Wednesday.
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According to a communique from that agency, exports hiked 31.5 percent inter-annual in that month to reach 2.94 billion dollars, due to higher sales of several basic products such as plastic at 58.0 percent, clothes by 23.3 percent and fertilizers by 17.7 percent.

Meanwhile, imports showed an increase of 3.8 percent in July to hit 5.82 billion dollars, CAPMAS stated.

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