12 Jul 2021

CAPMAS (The Central Agency for Public Mobilization & Statistics) announced that Egypt’s trade deficit declined by 13.3% YoY in April 2021 to reach USD3.1bn. Exports surged by over 47% YoY in April 2021 to reach USD2.8bn. The increase was driven mainly by higher exports of pharmaceuticals and fresh fruits, while declines in exports of fertilizers, potatoes, and refined sugar were witnessed. On the other hand, imports increased by only 8% to reach USD5.9bn, with higher imports of automobiles, iron ores, petroleum products, and soybeans driving the increase, while imports of raw materials of iron and steel, wheat, pharmaceuticals, and chemicals declined.

(Source: Egypt State Information Service (English), Zaywa (English), Egypt Today (English), Daily News Egypt (English), Business Today Egypt (English), al-Arabiya, CNBC Arabia, al-Sharq al-Awsat, Amwal al-Ghad, Mubasher, Hapi Journal, al-Masry al-Youm, al-Shurouk, al-Watan)