Egypt foresees $3.21 billion trade balance deficit during June 2022: CAPMAS

Egypt’s trade balance deficit decreased $3.21 billion in June compared to $3.66 billion during the same period last year, according to data released on Monday from Central Agency for Public Mobilization and Statistics (CAPMAS).

The data showed the value of exports have recorded a decline of 3.3 percent on an annual basis in June to reach $3.75 billion compared to $3.88 billion last year.

The value of some commodities’ exports has shrunk sauch as the fertilizers decreased by 20.9 percent, pasta recorded 8.7 percent loss, flat-rolled products of iron by 31.7 percent, and iron rods, angles and wires by 6.8 percent.

In addition to that the value of imports decreased by 7.7 percent to reach $6.96 billion dollars in June compared to $7.54 billion a year earlier.

The value of some commodities’ exports has increased during the month of June compared to the same month of 2021, particularly petroleum, natural and liquefied gas products by 49.4 percent.

While, the export’s value of crude oil rose by 15.6 percent, ready-made clothes added 12.7 percent, and plastics in their primary forms increased by 29.4 percent