Egypt’s trade deficit shrinks 2.5% YoY in April

This decline was attributed to a marginal increase of 0.8% YoY in the value of exports in April

Staff Writer, Arab Finance

July 16, 2024

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The Egyptian trade deficit narrowed down by 2.5% year on year (YoY) to $2.68 billion in April, Asharq Business reported, citing data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

This decline was attributed to a marginal increase of 0.8% YoY in the value of exports in April, which hit $2.68 billion.

Likewise, the value of the country’s imports slipped by 0.7% YoY to $5.97 last April.

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