CAIRO – 6 February 2025: Egypt’s trade deficit reached $3.71 billion in November 2024, compared to $3.69 billion in November 2023, marking a 0.5 percent increase, according to the latest data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
Exports grew by 6.3 percent, rising to $3.56 billion in November 2024, up from $3.35 billion in the same month of the previous year.
Among exported goods, petroleum products recorded the highest growth at 85.5 percent, followed by ready-made garments at 8.7 percent, various food pastes and preparations at 22.9 percent, and fresh fruits, also at 22.9 percent.
Meanwhile, imports increased by 3.3 percent, reaching $7.27 billion in November 2024, compared to $7.04 billion in November 2023.
This growth was driven by higher import values for several goods. Natural gas imports surged by 177.6 percent, passenger car imports rose by 11.0 percent, copper and copper product imports increased by 183.3 percent, while crude petroleum imports saw the highest growth at 271.9 percent.
However, the report also highlighted a decline in imports of some commodities in November 2024 compared to the same month in 2023.
Petroleum product imports fell by 19.9 percent, raw materials of iron or steel decreased by 14.5 percent, wheat imports declined by 20.7 percent, and plastics in primary forms dropped by 13.9 percent.
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