Egypt’s trade deficit narrowed by 9.5% in April 2025 to $3.42bn, compared with $3.78bn in the same month a year earlier, as the value of exports surged.
The value of exports increased by 19.8% to reach $4.10bn in April, up from $3.43bn in the same month of the previous year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
This surge was largely driven by a 74.3 percent increase in exports of petroleum products, a 24.7 percent increase in ready-made clothes and an 18.4 percent increase in fertilizer exports.
The strong export figures come amid a government push to incentivize industrial production and attract foreign investment through the National Industrial Development Strategy, which aims to advance Egyptian industry, enhance competitiveness and increase exports.
This strategy forms part of the urgent industrial development plan, which is a practical, executable step towards localizing industry, deepening domestic manufacturing, transforming Egypt into a regional industrial hub, transitioning to a green economy, and increasing the industrial sector’s contribution to GDP and exports, while raising the quality of Egyptian products to the highest standards and improving human resource efficiency.