Egypt:10.3% Increase in Trade Balance Deficit in September 2023

Central Agency for Public Mobilization and Statistics (CAPMAS) issued its monthly bulletin of “Foreign Trade Data” for September.

The deficit value of trade Balance reached 3.14 billion dollars during September 2023, versus 2.84 billion dollars for the same month of previous year, an increase of 10.3%.

The most important indicator is as follows:

Exports value decreased by 33.7% as it reached 2.94 billion dollars during September 2023, versus 4.44 billion dollars for the same month of previous year, due to a decreased value of some commodities such as ready-made clothes by 11.1%, petroleum products by 68.2%, fertilizers by 65.9%, and plastics in their primary forms by 36.5%.  

While exports value of some commodities increased during September 2023, versus the same month of previous year such as crude oil by 81.3%, miscellaneous edible preparations by 32.4%, rods, bars, angles, wires of iron by 157.2%, carpets and kelem by 42.0%.

Imports value decreased by 16.5% as it reached 6.08 billion dollars during September 2023, versus 7.28 billion dollars for the same month of previous year, due to a decreased value of some commodities such as wheat by 8.8%, medicaments and pharmctcl. 

Goods by 0.1%, plastics in their primary forms by 39.1%, chemicals , organic & nonorganic by 38.0%.

Imports of some commodities increased in September 2023, versus the same month of previous year such as petroleum products by 14.9%, primary forms of Iron or steel by 27.0%, liquefied natural gas by 27.2%, and motor vehicles by 156.6%.