Last Update 21:35
Monday, 16 September 2019

Egypt trade deficit rose 6.3% in July year-on-year: CAPMAS

Trade deficit growing as imports 4.7% higher in July compared to same period in 2012

Ahram Online, Tuesday 12 Nov 2013
shipments
Port saied port (Photo: Mohamed Nada)
Share/Bookmark
Views: 1033
Share/Bookmark
Views: 1033

Egypt’s trade deficit reached LE21.2 billion in July of this year, a 6.3 percent increase compared to the same month in 2012, when it stood at LE19.9 billion, the country's statistics body CAPMAS reported on Monday.

The value of exports, including crude oil, fertilisers, foodstuffs and plastics, increased by 2.4 percent, reaching LE14.6 billion in July 2013, as opposed to LE14.2 billion for the same month the previous year.

According to the latest report of the state’s General Organisation for Export & Import Control, the government's target is LE145 billion ($21 billion) net worth of total exports for 2013, 77 percent of which has already been achieved in the three quarters ending in September.

Total exports in 2012 stood at LE132.7 billion ($19.2 billion).

Meanwhile, the value of imports, including petroleum products, gold ore, iron and steel, plastics and corn, increased by 4.7 percent to reach LE35.8 billion, compared to LE34.2 billion in July 2012. 

 
Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
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.
Latest

© 2010 Ahram Online.