Egypt’s Trade Deficit Declines by 8.6% in June 2020: CAPMAS

Egypt reported a trade deficit of USD 3.30 billion in June 2020, down 8.6% year-on-year (YoY) from USD 3.61 billion in the same period last year, according to the country’s official statistics agency, the Central Agency for Public Mobilization and Statistics (CAPMAS).

Egypt’s exports declined 7.9% YoY to USD 2.26 billion during June 2020, compared to USD 2.45 billion in June 2019, with the decrease attributed to the falling value of commodities including crude oil (-46.3% YoY), fresh fruits (-10.5% YoY), plastics in primary forms (-10.4% YoY) and ready-to-wear clothing (-2.5% YoY).

However, increases in the value of exports were seen with items made from plastics (79.8%...