Egypt’s petroleum imports shrink 11.4% in September: CAPMAS
Egypt’s petroleum imports, including crude oil and oil products, dropped 11.4 percent to $1.06 billion in September from $1.2 billion in August, according to data released by the state-run statistics agency, CAPMAS.
File Photo: Oil pumpjacks are seen along a section of Highway 33 known as the Petroleum Highway north of McKittrick in Kern County, California on September 28, 2022. AFP
The data showed that the country’s petroleum imports declined by 1.7 percent from $1.08 billion in September 2022.
The value of petroleum exports also declined to $427 million in September 2023 from $456 million in August.
Exports dropped 73.8 percent from $1.6 billion in September 2022.
Egypt’s trade deficit increased by 10.3 percent to reach $3.24 billion in September compared to $2.84 billion in the same month last year.
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