Port saied port (Photo: Mohamed Nada)
Egypt's trade balance deficit reached LE18.04 billion ($2.5 billion) in December 2013, state-run statistical body CAPMAS reported on Monday.
The figure represented a 21.2 percent drop compared to the same month in 2012, when the deficit stood at LE22.9 billion ($3.2 billion).
The value of Egypt's exports in November 2013 declined three percent from the previous year, recording LE16.8 billion ($2.4 billion).
Among the main products to suffer a drop in exports, according to CAPMAS, were petroleum products, crude oil, fertilisers, edible oil, and margarine.
Similarly, the value of imports also shrank by 13.6 percent to reach LE34.8 billion ($5 billion) compared to LE40.3 billion ($5.7 billion) in November of the previous year.
Imports included wheat, crude oil, petroleum products.