Egypt's trade deficit grows 62.5 percent in June

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.