Egypt’s trade deficit fall 1.8% in December - CAPMAS

Cairo – Mubasher: Egypt’s trade deficit dropped 1.8% year-on-year in September 2017, according to data by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Wednesday.

The North African state’s trade deficit amounted to $3.04 billion in September 2017, against $3.1 billion in September 2016, according to the agency’s external trade monthly bulletin.

On the other hand, exports surged by 17.1% to $1.83 billion in September, up from $1.56 billion in the same month of 2016.

Meanwhile, imports rose by 4.5% to $4.87 billion in September 2017 from $4.66 billion in September 2016, the CAPMAS noted.

Egypt’s trade minister Tarek Kabil last said that the country’s trade deficit declined 26% year-on-year to $12 billion in the first 11 months of 2017.