16 Mar 2022

CAPMAS (The Center for Public Mobilization & Statistics) released external trade data for December 2021, which showed that Egypt’s trade deficit fell dramatically by 22% YoY to sit at USD2.4bn. Exports shot up by a whopping 45% YoY in December 2021 to reach USD4.3bn, while imports only rose by 11% YoY to USD6.7bn. The remarkable rise in exports was driven by ready-made garments, up 33%, plastics in primary form, up 28%, flat iron & steel products, up 22%, and various food items, up 19%.

(Source: Daily News Egypt (English), Egypt Today (English), al-Maal, al-Borsa News, al-Ahram, al-Youm al-Saabe, al-Masry al-Youm, al-Dustour, Sada el-Balad, Akhbar al-Youm, Masrawy)