CAIRO – 9 September 2024: In June 2024, the trade deficit stood at $2.87 billion, showing a 5.1 percent decrease from the $3.02 billion recorded in June 2023, as per the latest data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
CAPMAS reported that exports totaled $3.13 billion in June 2024, down by 1.6 percent from $3.18 billion in June 2023.
This decline was primarily driven by decreases in exports of certain commodities, such as fertilizers (down 42.9 percent), crude oil (down 64.6 percent), iron bars, rods, angles, and wires (down 23.7 percent), and fresh onions (down 25.4 percent).
On the other hand, some exports saw an increase in June 2024, notably petroleum products (up 56.3 percent), ready-made clothes (up 5.5 percent), fresh fruits (up 24.3 percent), and pastries and various food preparations (up 12.4 percent).
Imports in June 2024 totaled $6.0 billion, reflecting a 3.3 percent decrease from $6.21 billion in the same month the previous year.
Certain imports also saw declines, including wheat (down 21.5 percent), medicines and pharmaceutical preparations (down 11.9 percent), plastics in their primary forms (down 4.2 percent), and corn (down 28.6 percent).
Conversely, some import categories experienced growth in June 2024 compared to the same period in the previous year, with notable increases in imports of petroleum products (up 49.8 percent), raw materials of iron or steel (up 33.6 percent), organic and inorganic chemicals (up 5.8 percent), and natural gas (up 39.6 percent).
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