Egypt’s trade deficit shrinks 2.5% YoY in April

Image used for illustrative purpose. A container ship is seen beside cranes at the Suez canal near Ismailia port city, northeast of Cairo, Egypt March 5, 2021. Mohamed Abd El Ghany. REUTERS

This decline was attributed to a marginal increase of 0.8% YoY in the value of exports in April

Staff Writer, Arab Finance

July 16, 2024

PHOTO
Image used for illustrative purpose. A container ship is seen beside cranes at the Suez canal near Ismailia port city, northeast of Cairo, Egypt March 5, 2021. Mohamed Abd El Ghany. REUTERS

The Egyptian trade deficit narrowed down by 2.5% year on year (YoY) to $2.68 billion in April, Asharq Business reported, citing data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

This decline was attributed to a marginal increase of 0.8% YoY in the value of exports in April, which hit $2.68 billion.

Likewise, the value of the country’s imports slipped by 0.7% YoY to $5.97 last April.

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