Egypt’s trade balance deficit rises 4.1% in April – CAPMAS

Cairo - Mubasher: Egyptian trade balance deficit rose by 4.1%% year-on-year in April to $3.32 billion from $3.19 billion.

Egypt’s exports increased by 3.7% last April to $2.26 billion, versus exports of $2.18 billion in the year-ago period, data issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed on Sunday.

The CAPMAS attributed the growth in exports to the 17.9% rise in fresh orange exports and the 1% increase in ready-made clothing exports, as well as the hike in plastics exports by 101%.

On the other hand, crude oil exports fell year-on-year by 15.2% last April, in addition to exports of potato and fertilisers which dropped 4.6% and 62.1%, data showed.

Meanwhile, Egyptian imports rose by 3.9% to $5.58 billion in April, compared to $5.37 billion in the prior-year period.

Mubasher Contribution Time: 08-Jul-2018 13:14 (GMT)
Mubasher Last Update Time: 08-Jul-2018 13:14 (GMT)