CAIRO – 12 December 2021: Egypt’s trade deficit declined 22.5 percent during September 2021, recording $2.39 billion, compared to $3.08 billion in the same month of 2020, according to the state's statistics agency (CAPMAS). In its monthly bulletin on foreign trade data, CAPMAS attributed the decrease of the trade deficit to the increase of the exports by 36.6 percent. It added that the exports recorded $3.45 billion in September 2021, compared to $2.53 billion during the same month of 2020. Meanwhile, exports of some other commodities witnessed a decrease in September such as: dairy products by 7.4 percent, cotton fabrics by 3.1 percent, furniture by 39.0 percent, and refined sugar by 60.3 percent. Moreover, the bulletin showed an increase of 8.2 percent in imports to hit $5.84 billion in September of 2021, compared to $5.61 billion in the same month of 2020.

Source: Libya Today December 12, 2021 17:19 UTC