CAMPAS: 23.2% Decrease in Trade Balance Deficit in March 2024

Central agency for public mobilization and statistics issued Today Monthly bulletin of “Foreign TradeData” March2024

The deficit value of trade Balance reached2.37billiondollarsduringMarch2024, versus3.09billiondollars for the same month of previous year,Decreaseof23.2%.

The most important indicator is as follows. Exports value decreasedby10.9%as it reached3.57billion dollars during March2024,versus4.0billion dollars for the same month of previous year, due to a decreased value of some commodities such as: (Plastics in their primary forms by 6.7%, fertilizers by 57.4%, iron bars, rods, angles and wires by 1.1%, crude oil by 49.9%). 

While exportsvalueof some commoditiesincreased duringMarch2024, versus the same month of previous year such as (Petroleum products by 130.3%, fresh fruits by 7.2%, ready-made clothes by 14.2%, pasta and various food preparations by 26.8%).

Imports value decreasedby16.2%as it reached5.94billion dollarsduringMarch2024,versus7.09billion dollars for the same month of previous year, due to a decreasedvalueof some commodities such as: (Medicines and pharmaceutical preparations by 25.6%, organic and inorganic chemicals by 31.8%, plastics in their primary forms by 31.0%, corn by 15.0%).

 Imports of some commoditiesincreasedin March2024, versus the same month of previous year such as: (Petroleum products by 44.5%, raw materials of iron or steel by 17.7%, wheat by 15.8%, natural gas by 12.4%).