Recent data revealed that the value of Egypt’s trade deficit decreased to $2.39 billion during the month of September, compared to $3.08 billion during the same period last year, a decrease of 22.5%.
According to the data contained in the monthly foreign trade bulletin issued by the Central Agency for Public Mobilization and Statistics, The value of exports has increased By 36.6%, its total value amounted to about $3.45 billion during the month of September, compared to about $2.53 billion during the same period last year.
The statistics authority attributed this rise to an increase in the value of exports of some commodities, including fertilizers by 90.2%, iron rods, rods, angles and wires by 57.0%, pasta and food preparations by 31.5%, and ready-made clothes by 22.6%.
On the other hand, the value of exports of some commodities, including dairy products, decreased by 7.4%, cotton fabrics by 3.1%, furniture by 39.0%, and refined sugar by 60.3%.
On the level of imports, they rose by 4.2%, as the value of Egyptian imports amounted to about 5.84 billion dollars during the month of September, compared to about 5.61 billion dollars during the same period last year. This is due to the increase in the value of imports of some commodities, including plastics in their primary forms by 24.2%, crude oil by 53.2%, medicines and pharmaceutical preparations by 33.9%, and raw materials of iron or steel by 8.2%.
On the other hand, the value of some commodities’ imports decreased, including wheat by 30.0%, passenger cars by 22.3%, soybeans by 21.1%, and personal telephones by 40.3%.