The Egyptian Central Agency for Public Mobilization and Statistics revealed that the trade balance deficit decreased during last April, by 13.3 percent on an annual basis to $3.1 billion, compared to a trade deficit of $3.5 billion in April 2020.
According to the Statistics Authority, the exports rose by 47.4 percent to $2.84 billion, supported by the growth of pharmaceutical and medical exports by 77.2 percent, and fresh fruits by 60.2 percent.
The value of imports rose by 8.1 percent to 5.92 billion dollars, with the rise of imports of passenger cars by 58.9 percent and iron ore by 58.6 percent.
On the other hand, the Suez Canal Authority revealed that the canal’s revenues increased to 5.84 billion dollars in the 2020-2021 fiscal year, up from 5.72 billion dollars in the previous year. This revenue is the highest in the its history.
Lieutenant-General Osama Rabie, the head of the Suez Canal Authority, said that despite the various challenges, the canal’s revenues witnessed a great boom, and the navigation statistics during the fiscal year 2020-2021 recorded the highest annual revenue in the history of the canal, amounting to 5.84 billion dollars, compared to 5.72 billion dollars during the 2019-2020 fiscal year, which is an increase of 2.2 percent.
Source (ASharq al-Awsat Newspaper, Edited)
