Trade Deficit Shrinks 18% In August 2021

Giving More to Your Wealth

10 Nov 2021

In the most recent trade data released by CAPMAS (The Center for Public Mobilization & Statistics) for August 2021, the numbers showed that Egypt’s trade deficit contracted by 18% to reach USD2.9bn. The data showed that the value of exports increased by 51%, while the value of imports only increased by 8%. The increase in exports was mainly due to higher exports of fertilizers, food preparations, plastics, and ready-made clothes.

(Source: Daily News Egypt (English), Egypt Today (English), Business Today Egypt (English), Mubasher, Hapi Journal, al-Watan, Akhbar al-Youm, al-Arabiya)

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