Trade Deficit Declines Significantly In June 2021

Giving More to Your Wealth
13 Sep 2021

CAPMAS (The Center for Public Mobilization & Statistics) reported that Egypt’s trade deficit shrank by a stunning 28% YoY in June 2021. It now sits at USD2.9bn. Exports increased by a whopping 49% YoY, while imports rose only marginally by 0.9% YoY. The key contributors to this impressive rise in exports were increases in the exports of plastics by 78%, ready-made garments by 55%, and some food items by 53%. The biggest non-oil exports, in order of value exported, were fresh fruits, ready-made garments, fertilizers, and plastics in primary form.

As for 1H21, exports have now risen by 35% after including the June 2021 data. The biggest importers of Egyptian commodities in 1H21, in order of value imported, were Italy, the U.S., Saudi Arabia, India, Turkey, Greece, and the U.A.E.

(Source: Mubasher (English) (Arabic), Daily News Egypt (English), National Council for Media, Amwal al-Ghad, al-Aalam al-Youm, Economy Plus Me, al-Ahram, al-Youm al-Saabe, Akhbar al-Youm, al-Watan, al-Shurouk, CNBC Arabia, al-Arabiya)

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