Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS

By | September 13, 2022
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The Central Agency for Public Mobilization and Statistics announced a decrease in the value of the trade balance deficit to US$ 3.75 billion during June, compared to $3.88 billion in the same month of the previous year.

This is due to the decrease in the value of some commodities’ exports, the most important of which are: fertilizers by 20.9 percent, pasta and food preparations by 8.7 percent, flat-rolled products of iron or steel by 31.7 percent, and iron rods, angles and wires by 6.8 percent.

The value of exports of some commodities increased during the month of June compared to the same month of 2021, particularly petroleum, natural and liquefied gas products by 49.4 percent, crude oil by 15.6 percent, ready-made clothes by 12.7 percent, and plastics in their primary forms by 29.4 percent.

CAPMAS indicated in a statement on Monday that the value of imports decreased by 7.7 percent, reaching $6.96 billion during the month of June 2022, compared to $7.54 billion for the same month the previous year.

This is due to a decrease in the value of some commodities, the most important of which are: raw materials of iron or steel by 2.7 percent, plastics in their primary forms by 9.9 percent, medicines and pharmaceutical preparations by 3.5 percent, soybeans by 35.3 percent.

While the value of imports of some commodities increased during the month of June 2022 compared to the same month of the previous year, the most important of which are: petroleum products by 165.8 percent, crude oil by 9.7 percent, corn by 50.1 percent, and wheat by 238.4 percent.

Edited translation from Al-Masry Al-Youm



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