Cairo – Mubasher: Egypt's Ministry of Trade and Industry stated Friday that the value of trade balance deficit for the first six months of 2016 declined 11.25% year-on-year to EGP 173.19 billion ($19.50 billion) from EGP 195.34 billion.
The value of Non-petroleum imports stood at EGP 38.6 billion during the same period, lower 4.6% from EGP 40.4 billion for the prior-year period.
In March, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced that trade deficit annually declined in March by 44.4% to EGP 19.9 billion ($2.23 billion) compared with EGP 35.7 billion ($4 billion) for the year-ago month.
Export value rose in March by 11.7% year-over-year to EGP 17.6 billion from EGP 15.8 billion, while import value fell by 27.2% year-on-year to EGP 37.5 billion from EGP 51.5 billion, the state authority said.
