Last Update 16:8
Monday, 16 September 2019

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)
Views: 1361
Views: 1361

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.


Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.