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| 18 October, 2017

Egypt’s exports in July register $1.92bln, against $5.42bln of imports

Image used for illustrative purpose.
A fisherman travels on a boat with his family in front of the Zim Europa container ship, in the Suez canal near Ismailia port city, northeast of Cairo May 1, 2014.

Image used for illustrative purpose. A fisherman travels on a boat with his family in front of the Zim Europa container ship, in the Suez canal near Ismailia port city, northeast of Cairo May 1, 2014.

REUTERS/Amr Abdallah Dalsh

Central Agency for Public Mobilisation and Statistics said that the value of exports decreased by 17.9% as it reached $1.92bln in July 2017 versus $1.63bln in the same month of the previous year.

The value of deficit of the trade balance reached $3.5bn during July 2017, versus $4.1bn in July 2016, marking a decline of 14.7%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).

The agency said that the value of exports decreased by 17.9% as it reached $1.92bn in July 2017 versus $1.63bn in the same month of the previous year. CAPMAS attributed the increase to the rise in the value of some commodities, such as ready-made garments by 3.8%, fertilisers by 115.8%, fresh fruit by 102.1%, pulp and miscellaneous food preparations by 6.4%, and plastics in primary forms by 13.4%.

Meanwhile, exports of some commodities decreased in July 2017 versus the same month in 2016. This includes crude oil by 35.4%, plastics by 1.4%, soap and detergents by 40.4%, steel or steel rolling products by 29.7%.

The value of imports decreased by 5.4 % as it reached $5.42bn during July 2017, versus $5.73bn in the same month of the previous year due to the decrease of value of some commodities, such as raw materials of iron or steel by 10.4%, organic and inorganic chemicals by 11.1%, meat by 33.5%, and cars by 29.8%.

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Moreover, value of imports of some commodities increased in July 2017, such as petroleum products by 1.2%, plastics in primary forms by 15.7%, pharmaceuticals and pharmaceutical preparations by 20.7%, pipes and steel and iron equipment by 95.4%.

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