Crude oil exports drop to $203M in April: CAPMAS

CAIRO – 19 July 2017: Egypt’s exports of crude oil and petroleum products declined month-on-month to $ 203 million in April after registering $ 226 million, state statistics body CAPMAS said Wednesday.

Non-petroleum exports reached around $ 1.8 billion in April, lower than $ 1.9 billion recorded in the previous month, while imports amounted to $ 3.5 billion compared to $ 4.1 billion in March and to $ 5.6 billion year-on-year.

Egypt’s imports of crude oil and petroleum products stood at $ 374 million in April, recording a month-on-month decline from $ 495 million, while it registered an increase when compared $ 234 million in April 2016.

Exports in April totaled $ 2.05 billion compared to $ 3.97 billion imports, according to CAPMAS.

The deficit in the trade balance shrank 52 percent to $ 1.92 billion in April 2017 from $ 3.99 billion in April 2016.