Egypt: 0.6 % increased in the trade balance deficit August 2022

Egypt: 0.6 % increased in the trade balance deficit August 2022

The Egyptian trade balance deficit increased during August 2020 in the range of 0. 6% to record $ 4. 18 billion, compared to $ 4. 15 billion during the same month from 2021, according to the monthly bulletin issued by the Central Agency for Public Mobilization and Egyptian Statistics, today, Sunday.
The monthly bulletin issued by the Central Agency for Public Mobilization and Statistics showed a decrease in the value of exports by 7. 6%, to reach $ 3. 33 billion during August 2022 compared to $ 3.

61 billion for the same month in the previous year.
This is due to the decrease in the value of exports of some commodities, the most important of which are: (oil products by 19. 8%, raw oil by 49%, a creditor of their initial forms by 3. 6%, doughs and food preparations by 17%).
On the other hand, the value of the exports of some commodities increased last August, compared to their counterparts for the same month in the previous year, the most important of which (natural and lounged gas by 179.

1%, fertilizers by 25. 4%, ready -made clothes by 12. 1%, fresh fruits of 72. 8%).
The value of imports decreased by 3. 2% to 7. 51 billion dollars during August 2022 compared to $ 7. 76 billion for the same month in the previous year, according to the monthly newsletter issued by the Central Agency for Public Mobilization and Statistics.
This is due to the low value of imports of some commodities, the most important of which are (medicines and pharmacy preparations by 21.

8%, raw materials of iron or solid by 4. 7%, atom by 16%, and soybeans by 7. 5%).
The value of the imports of some commodities increased during last August, compared to their counterparts for the same month in the previous year, the most important of which are: (raw oil by 91. 8%, oil products by 35. 2%, wheat by 79%, for a creditor of its initial forms by 7. 2%)..

About Author

World