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)
