Egypt’s trade deficit declines 14% to $3.28B in December

Egypt’s trade deficit declines 14% to $3.28B in December

The Central Agency for Public Mobilization and Statistics (CAPMAS) - CC







CAIRO – 9 March 2021: Egypt's trade deficit declined 14 percent during December 2020, recording $3.28 billion, compared to $3.81  billion in the same month of 2019, according to the state's statistics agency CAPMAS. 

 

In its monthly bulletin on foreign trade data, CAPMAS said exports inched down 0.1 percent to reach $2.76 billion in December 2020, compared to $2.77 billion during the same month of 2019. 

 

The bulletin attributed the decrease of exports to the fall in the exports of various commodities, such as: petroleum products by 38.3 percent, crude oil by 0.7 percent, various pasta and food preparations accounted for 3.3 percent, and ceramic tiles and sanitary ware by 12.5 percent.

 

Meanwhile, exports of some other commodities witnessed an increase in December such as: readymade clothes by 8 percent, fertilizers by 45.3 percent, and plastics by 35 percent.

 

On the other side, the bulletin showed a decline of 8.1 percent in the imports to hit $6.04 billion in December of 2020, compared to $6.58 billion in the same month of 2019. 

 

CAPMAS