Cairo – Egypt’s trade deficit retreated by 39.7% to $2.26 billion in March 2022 from $3.74 billion in the same month a year earlier, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS). ExportsEgypt's exports increased by 44.1% to $5.48 billion in March, compared to EGP 3.81 billion in the year-ago period. The value of exports of petroleum products, crude oil, and ready-made garments rose by 128.6%, 74.1%, and 47%, respectively. Meanwhile, the exports of plastics, flat-rolled products of iron or steel, as well as dairy products decreased by 11.4%, 50.5%, and 5.8%, respectively. ImportsIn the meantime, the country's imports amounted to $7.74 billion in March, compared to $7.55 billion in the year-ago period.

Source: The North Africa Journal June 15, 2022 22:44 UTC