The Central Agency for Public Mobilization and Statistics in Egypt (a government agency) revealed that the trade balance deficit increased by 4.3 percent during the month of May, compared to the same month of 2022, from about $ 3.57 billion to $ 3.74 billion, despite the decline in the value of imports by 9.4 percent, from about 7.85 to 7.12 billion.
The agency attributed the increase in the trade balance deficit to the decline in exports by 20.9 percent, from about $ 4.28 billion in May 2022 to $ 3.38 billion in May 2023. According to Al-Jahar, the value of exports of natural and liquefied gas decreased by 69.7 percent, petroleum products by 41.7 percent, crude oil by 54.4 percent, and fertilizers by 72.4 percent.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
