Trade Deficit Shrinks 63% YoY in November 2021

Giving More to Your Wealth
14 Feb 2022

CAPMAS (The Center for Public Mobilization & Statistics) reported external trade data for November 2021, which showed that the trade deficit dropped a whopping 63% YoY in November 2021 to sit at USD1.2bn. This was driven by a steep 81% YoY surge in exports to reach USD4.5bn, mainly driven by a rise in the value of some exported goods such as fertilizers, plastics, fresh fruits, and ready-made clothing. On the other hands, imports declined slightly by 0.5% to remain around the USD5.7bn mark.

(Source: Zawya (English), Egypt Today (English), Daily News Egypt (English), See News (English), Business Today Egypt (English), Arab News (English), Economy Plus Me, al-Youm al-Saabe, Akhbar al-Youm, Sada el-Balad, Masrawy, al-Sharq Business)

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