Egypt's trade deficit up 21.1% YoY in October

Egypt's trade deficit edged up 21.1% year-on-year (YoY) in October 2022 to $3.58 billion, compared to $2.95 billion, Al Mal reported on January 12th, citing a statement by Central Agency for Public Mobilization and Statistics (CAPMAS).

Exports stood at $3.77 billion last October, down by 9.4% from $4.16 billion in October 2021.

Meanwhile, imports amounted to $7.35 billion during October 2022, while they recorded $7.11 billion for the same month of 2021, with an increase of 3.3%.