Last Update 11:45
Friday, 18 October 2019

Egypt's trade deficit down 26% in August

Ahram Online , Wednesday 18 Nov 2015
A cargo ship makes its way along the Suez Canal (Photo: Reuters)
Views: 1742
Views: 1742

Egypt's trade deficit fell 26 percent to LE27.9 billion in August of 2015 down from LE37.5 billion in the same month last year, official statistics agency CAPMAS reported on Wednesday.

The trade deficit fell despite a drop in Egyptian exports due to a higher decline in imports.

The global decline in commodities prices  lead to a drop in Egyptian exports to LE13.1 billion in August down 14.4 percent from LE15.3 billion registered in the same month the prior year.

Meanwhile, imports' value declined by 22.5 percent to LE41 billion, from LE52.9 billion during the same month last year.

CAPMAS attributed the fall in imports to the decline in the value of some products including raw materials and foodstuff.


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.