Egypt’s trade balance deficit decreases by 35.8% in May

Egypt’s trade balance deficit retreated by 35.8 percent to reach $2.61 billion in May 2022, down from $4.06 billion in May 2021, reported the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Wednesday.

Exports rose by 18.3 percent to record $4.01 billion in May 2022, up from $3.39 billion in May of last year.

Imports went down by 11.1 percent to stand at $6.62 billion in May 2022, down from $7.45 billion in the same month of 2021.