Egypt’s trade deficit records $2.84 in January – Egypttoday

Egypt’s trade deficit records $2.84 in January – Egypttoday

CAIRO - 2 April 2020: Egypt's trade deficit declined 30.3 percent during January 2020, recording $2.84 billion, compared to $4.07 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 rose 1.4 percent to reach $2.48 billion in January 2020, compared to $2.45 billion during the same month of 2019.. Exports of some other commodities witnessed a decrease in January such as ready-made clothes, which dipped by 6.9 percent, petroleum products by 9.2 percent, plastics in their primary forms by 28.1 percent, and fresh fruits by 31 percent.. The bulletin showed a decline of 18.4 percent in the imports to hit $5.32 billion in January of the current year, compared to $6.52 billion in January 2019.. CAPMAS ascribed the decrease to the drop in imports of petroleum products by 34.1 percent, raw materials of iron or steel by 28.9 percent, plastics in their primary forms by 19.2 percent, and corn by 9.7 percent..