Hatem Saleh: Exports Climb 5%…Imports Down 19% In Q1 of 2013

Eng. Hatem Saleh, Egyptian Minister of Industry, unveiled that the volume of the Egyptian exports rose by 5%, while the imports rate shrank by 19% during the first quarter of 2013, compared to the same period in 2012.

On his Facebook account, Saleh said the relative improvement in the balance of trade deficit has transpired since decades, referring to the ongoing coordination between the Ministry of Industry and the Central Bank of Egypt (CBE) as a reason for this rate.

The minister expected that this improvement may help the economy to recover, as well as it will contribute to keeping the resources from the foreign cash and increasing its reserve once again.