Trade balance deficit fell in June to $2.32B, CAPMAS

In a recent release, the Central Agency for Public Mobilization and Statistics revealed that Egypt’s trade balance deficit fell by 47.7 percent during June 2023 year-on-year to record $2.32 billion, compared to $4.43 billion in the same month of 2022.

CAPMAS also reported that Egypt’s trade balance deficit fell by 20.8 percent from January-June 2023 to record $17.84 billion, compared to $22.52 billion during the same period in 2022.

Egypt’s June 2023 exports were valued at $2.91 billion compared to June 2022’s $4.02 billion, falling by 27.5 percent, according to the statistics agency.