Egypt's Trade Deficit Narrowed 68% to $1.46 Billion in January

  • Cairo, Egypt
  • 21 February 2024
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The Egyptian Minister of Trade and Industry, Ahmed Samir, revealed that the trade balance deficit decreased by 68 percent in January, to $ 1.46 billion compared to $ 4.63 billion during the same month of 2023. Data issued by the Ministry of Trade and Industry showed that Egyptian merchandise exports grew last month to $ 3.01 billion compared to $ 2.88 billion during the same month last year.

On the other hand, Egyptian merchandise imports fell 40 percent to reach $ 4.47 billion last month, as a result of the scarcity of the dollar, compared to $ 7.52 billion a year ago.

Source (Al-Sharq Al-Awsat Newspaper, Edited)

 

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