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Egypt’s trade deficit decreased in January

Egipto, déficit, comercial, baja

Egypt’s trade deficit decreased in January

Cairo, Apr 15 (Prensa Latina) Egypt's trade deficit fell to 2.44 billion dollars in January, a 32-percent year-on-year decrease, the national statistics agency (CAPMAS) reported on Friday.

According to this institution’s report, that month’s exports totaled 3.99 billion dollars, a growth of 34.5 percent, thanks to the increase in the value of several commodities such as oil and its by-products.

Meanwhile, imports fell by 2.2 percent to 6.43 billion dollars.

CAPMAS noted that the budget deficit rose 5.15 percent in the first eight months of the current fiscal year, which began on July 1.


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