Exports increased by 1.4 % to reach $2.48bn in January 2020, compared to $2.45bn for the same month of the previous year. This is due to the decreased value of some commodities such as crude oil by 102.6%, fertiliser by 7.3%, and various food preparations by 18.1%, among other items.
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Egypt’s trade balance continues to face a deficit, despite the state announcements on attempts to counter this recurring problem
In a country that is more dependent on imports, it is generally common to find a deficit in trade balance
Egypt recorded trade balance deficit of EGP 26.7bn in March 2015
We have invested some CHF 25m that covers our framework agreement with Egyptian government, says Leitner
Meanwhile Egypt’s imports from Indonesia include chemicals and fertilisers, readymade clothes, weaving and textiles, furniture, leather products and others.
CAPMAS attributes deficit to 9.6% in imports value
The surplus is equivalent to approximately $43m, where in 2013 trade balance recorded a deficit of $ 89.9m
Exports fell by 1.5%, while imports jumped 14.4% during the same period