Egypt’s trade deficit declined by about 22% in February 2016 compared to February 2015, according to a report issued on Thursday by the Central Agency for Public Mobilisation and Statistics (CAPMAS). The balance of trade is an economic measure of the difference in value between a country’s imports and exports during a given period. According …
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Deficit reaches EGP 27.9bn compared to EGP 16.3bn in corresponding month last year
Imports and exports decrease by 18.8% and 12.7%, respectively
Meanwhile, imports fell 7.8% year on year to EGP 35.8bn due to the decreasing prices of some goods like wheat, corn, chemical products and wood. In March of last year, imports registered EGP38.8bn.