Cairo – Mubasher: Egypt’s balance of trade deficit declined by 14% year-on-year (YoY) to $3.28 billion in December 2020, compared to $3.81 billion in the same month a year earlier, data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed on Tuesday.
Exports
The value of exports fell by 0.1% YoY to $2.76 billion last December, compared to $2.77 billion.
Exports of petroleum slumped by 38.3%, crude petroleum by 0.7%, pastries and meal preparations by 3.3%, and sanitaryware and ceramics by 12.5%.
On the other hand, exports of ready-made garments increased by 8%, fertilisers by 45.3%, and plastics by 35%.
Imports
The most populous Arab nation’s imports slid by 8.1% to $6.04 billion in December 2020, compared to $ 6.58 billion in the same month a year earlier.
Imports of iron and steel went down by 19%, passenger cars by 16.8%, organic and inorganic chemical materials by 18.5%, and phones by 38.2%.
Meanwhile, imports of crude petroleum increased by 3.6%, petroleum products by 10.2%, wheat by 16.5%, and medicines and pharmaceuticals by 13.7%.
