Egypt’s current account deficit narrowed to $1.751 billion in the three months to end-September, the central bank said on Thursday, from an apparently revised $1.754 billion a year earlier. Last year the central bank had put the July-September 2017 figure at $1.64 billion. The trade deficit increased to $9.90 billion from $8.91 billion, with exports rising 16 percent to $6.79 billion and imports 13 percent to $16.68 billion. Petroleum exports surged 58 percent to $2.81 billion and imports climbed 27 percent to $3.50 billion, the central bank said in its quarterly balance of payments report. The central bank apparently revised last year’s figure, which it had previously put at $5.97 billion.

Source: Egypt Today January 10, 2019 15:11 UTC