Egypt’s foreign trade rises 2.7% in October 2017: CAMPAS

The value of Egypt’s foreign trade rose by 2.7 percent, reaching around $7.7 billion in October 2017 from $7.45 million in October 2016, said the county’s state-run statics agency CAMPAS on Thursday.

“The value of trade balance deficit registered $3.22 billion during October 2017, compared to $3.79 billion during the same period a year earlier, dropping by 15.4 percent,” CAMPAS further added in its monthly bulletin.

Egyptian exports jumped 21.5 percent to $2.24 billion against $1.85 billion due to the increase in the value of the exports of some products, notably ready-made garments by 41.1 percent, fertilizers by 16.9 percent, and plastic by 39.2 percent as well as soap and cleaning supplies by 37.3 percent.

“The imports of some goods fell during October 2017, notably fresh fruit by 28.3 percent, petroleum products by 12.7 percent, and crude oil by 9.5 percent as well as pastes and various food products by 1.4 percent,” the agency referred.