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Trade balance deficit at $3.4bn in March 2018: CAPMAS - Daily News Egypt

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Trade balance deficit at $3.4bn in March 2018: CAPMAS

Egypt’s oranges, garments, plastics exports, crude oil, wheat imports all up


Egypt’s trade balance deficit reached $3.4bn during March 2018, versus $3.19bn in the same month of the previous year, a decrease of 6.2%, according to the monthly bulletin on foreign trade issued by the Central Agency for Public Mobilisation and Statistics (CAPMAS).

According to the CAPMAS, the value of exports increased by 3.2% as it reached to $2.47bn in March 2018, versus $2.4bn in the same month of the previous year, due to the increased value of some commodities such as fresh oranges (11.4%), garments (2.3%), plastics in primary forms (33%), and petroleum products (18.5%).

Meanwhile, the value of exports of some commodities decreased in March 2018 versus the same month of the previous year, including crude oil by 28%, potatoes by 3.7%, miscellaneous edible preparations by 1.2%, and fertilisers by 48.1%.

The CAPMAS noted that the value of imports increased by 4.9%, recording $5.87bn in March 2018, versus $5.59bn in the same month of the previous year, due to the increased value of some commodities such as: primary forms of iron or steel by 22%, crude oil by 182.1%, and wheat by 1.8%.

Topics: trade

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https://dailynewsegypt.com/2018/06/07/trade-balance-deficit-at-3-4bn-in-march-2018-capmas/
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