Egypt’s trade deficit widens by 5% YoY in November
- Date: 05-Feb-2024
- Source: Zawya
- Sector:Financial Services
- Country:Egypt
Egypt’s trade deficit widens by 5% YoY in November
Arab Finance: Egypt’s trade balance deficit rose by 5% year on year (YoY) to $3.07 billion in November 2023, Asharq Business reported, citing a press release issued by the Central Agency for Public Mobilization and Statistics (CAPMAS).
The value of Egyptian exports hit $3.21 billion last November, down by 20.6% YoY.
Similarly, the value of Egypt’s imports dropped by 9.9% YoY to $6.28 billion last November.
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