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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

4.3% an Increase in trade Balance May 2023


Tue 08 Aug 2023 | 10:41 PM
the Central Agency for Public Mobilization and Statistics (CAPMAS)
the Central Agency for Public Mobilization and Statistics (CAPMAS)
Mohamed Mandour

Central agency for public mobilization and statistics issuedToday Monthly bulletin of “Foreign TradeData” May2023

The deficit value of trade Balance reached3.74billiondollarsduringMay2023, versus 3.57 billiondollars for the same month of previous year,an Increaseof4.3%.

The most important indicator is as follows.

Exports:

Exports value decreasedby20.9%as it reached3.38billion dollars during May2023,versus4.28billion dollars for the same month of previous year, due to a decreased value of some commodities such as:

(Natural and liquefied gas by 69.7%,Crude oil by 54.5%,Petroleum products by 41.7%, Fertilisers by 72.4%). 

While exportsvalueof some commoditiesincreased duringMay2023, versus the same month of previous year such as (Fruits, fresh by 59.1%,Ready-made clothes by 6.2%,Miscellaneous Edible Preparations by 70.8%, Rods, Bars, Angles, Wires of Iron by 56.1%).

Imports:

Imports value decreasedby9.4%as it reached7.12billion dollarsduringMay2023,versus7.85billion dollars for the same month of previous year, due to a decreasedvalueof some commodities such as:

(Petroleum products by 19.8%, Raw materials of iron or steel by 29.2%, Chemicals, Organic & Nonorganic by 24.3%, plastics in their primary forms by 24.8%,).

Imports of some commoditiesincreasedin May2023, versus the same month of previous year such as:

(Medicaments and Pharmctcl. Goodsby 14.2%, Corn by 46.4%, Wheat by 92.5%, Natural gas by 21.3%).