Egypt’s trade deficit rises to $ 4.2 billion in August

The value of the trade deficit in Egypt increased by 0.6% last August to $ 4.18 billion, up from $ 4.15 billion in the same month in 2021.

The monthly bulletin issued by the Central Agency for Public Mobilization and Statistics indicated, today, Sunday, that the value of Egyptian exports fell by 7.6%, to reach $ 3.33 billion in August 2022, compared with to $ 3.61 billion in the same month of the previous year.

The bulletin reported a decrease in the value of exports of certain materials prime, the most important of which are petroleum products by 19.8%, crude by 49%, plastics in its primary forms by 3.6%, food preparations and pasta by 17%. .

The export value of some commodities instead increased last August compared to the same month of the previous year, the most important of which were natural and liquefied gas by 179.1%, fertilizers by 25.4%, ready-to-use à-porter of 12.1% and fresh fruit of 72.8%.

The bulletin added that the value of imports fell 3.2% to $ 7.51 billion last August, compared to $ 7.76 billion in the same month last year.

He attributed this to a decrease in the value of some imports of goods, the most important of which are medicines and pharmaceutical preparations by 21.8% and raw materials prime 4.7% iron or steel, 16% maize e semi of soy by 7.5%.

He noted that the value of imports of some materials prime increased last August compared to the same month a year earlier, the most important of which was crude oil by 91.8%, petroleum products by 35.2%, wheat by 79% and plastics in its primary forms 7.2%.

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