Cairo – Mubasher: Egypt’s trade deficit declined 43.8% in May 2017 to $2.32 billion, versus $4.14 billion in May 2016, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
Meanwhile, the value of exports rose 8.8% to $2.28 billion in May 2017 from $2.09 billion in May 2016.
The value of exports, such as crude oil, clothes, and fertilisers surged 53.7%, 20.4%, and 82.6%, respectively, while exports of some commodities, most notably fresh oranges, pastries, fresh fruits, and furniture, declined.
The value of imports fell 26.1% in June 2017 to $4.60 billion, due to lower imports of petroleum products, iron and steel raw materials, plastic, and medicines and pharmaceuticals, the CAPMAS said.
Imports of wheat, pipes and tubes and fittings of iron and steel, and soya beans surged 19%, 51.2%, and 40.9%
