Trade Deficit Drops 53% YoY in April 2022

Giving More to Your Wealth
07 Jul 2022

CAPMAS (The Central Agency for Public Mobilization & Statistics) released external trade data for April 2022, showing that Egypt’s trade deficit dropped by a stunning 53% YoY to sit at USD1.7bn. Exports shot up by over 54% YoY, mainly attributable to increases in outbound shipments of petroleum products, crude oil, fertilizers, and ready-made garments. Imports went up by only 2.7%, with increases witnessed in petroleum products, wheat, pharmaceuticals, and chemicals. (Sources: Daily News Egypt (English), Egypt Today (English), Amwal al-Ghad, Zawya, al-Youm al-Saabe, al-Masry al-Youm, Akhbar al-Youm, Sada el-Balad, Masrawy, CNBC Arabia, al-Arabiya)

An opportunity to make a difference!

Why join Acumen?

Our number one focus in Acumen is our performance and our greatest asset is our people. We look for a team that is self-motivated, appreciates challenge and innovative. We tend to always pick the right person in the right position.

apply now