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Egypt's trade deficit grows 62.5 percent in June: CAPMAS

Egypt's trade deficit continues to grow on higher crude oil exports

Ahram Online , Wednesday 16 Sep 2015
Trade Deficit
A cargo ship makes its way along the Suez Canal (Photo: Reuters)
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Egypt's trade balance deficit reached LE26.3 billion in June 2015, representing a 62.5 percent increase compared to LE16.2 billion in the same month last year, the state-run statistical body CAPMAS reported on Wednesday.

State exports valued LE14.4 billion in June, declining from LE19.1 billion in June 2014 due to a drop in the price of certain goods such as crude oil, petroleum products and ready-made garments.

Meanwhile, imports' value rose by 15.3 percent, jumping to LE40.7 billion from LE35.3 billion during the same month last year.

According to the report, the rise in imports' value was due to the increase in the value of certain goods such as petroleum products and vehicles.

 

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