Cairo - Mubasher: Egyptian trade balance deficit rose by 44% year-on-year in June to $3.62 billion from $2.51 billion.
Egypt’s exports increased by 7.8% last June, recording $2.10 billion, versus exports of $1.95 billion in the same month a year ago, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement on Sunday.
The CAPMAS attributed the growth in exports to the 33.9% rise in crude oil exports and the 45.4% hike in plastic exports, as well as the surge in detergent exports by 120.2%.
On the other hand, crude oil exports fell year-on-year by 15.2% last April, in addition to exports of potato and fertilisers which dropped 4.6% and 62.1%, data showed.
On the other hand, the value of Egyptian imports fell in June as imports of ready-made clothing fresh fruits, and fertilisers went down by 17.5%, 33.2%, and 27.8%, respectively.
Earlier this morning, trade minister Amr Nassar said that Egypt’s non-oil exports rose by 14.3% year-on-year during the first seven months of 2018, recording $14.89 billion from $13.25 billion.
Meanwhile, Egyptian non-oil imports increased by 15.28% to reach $38.15 billion in the January-July period of this year, compared to $33.97 billion in the same period of 2017.
External trade grew by 15% to $53.048 billion in the seven-month period, versus $46.12 billion in the prior-year period, Nassar added.
