Egypt’s trade deficit decreased 21.6% in December 2021 especially Egyptian Fresh Products

Yesterday, the Central Agency for Public Mobilisation and Statistics issued a monthly Foreign Trade bulletin for December 2021. Egypt’s trade deficit especially Egyptian Fresh Products stood at $2.41 billion in December 2021, versus December 2020’s $3.08 billion. This constitutes a drop of 21.6%.

The value of exports increased by 45.3%, reaching $4.32 billion, compared to $2.97 billion, due to an increase in the value of some commodities, such as ready-made clothes by 33.0%, plastics in their primary forms by 28.4%, flat products of iron or steel by 22.1%, and the various pasta and food items by 18.6%. 

However, the value of certain exported commodities decreased, with fresh fruits falling in price 0.9% and fresh oranges by 55%.

Additionally, the value of imports increased by 11.3% in December 2021, reaching $6.73 billion, compared to December 2020’s $6.05 billion, due to petroleum products increasing by 71.2%, raw materials of iron or steel by 93.9%, passenger cars by 50.8%, and plastics in their primary forms by 70.0%.

Source: dailynewsegypt.com