The value of Egypt's trade balance deficit was revised to record $1.19 billion in November 2021, compared to $3.22 billion during the same month in 2020, a decline of 63.1%.
The Central Agency for Public Mobilization and Statistics (CAPMAS) indicated that the value of exports increased by 80.6% to reach $4.48 billion during November 2021, compared to $2.48 billion, year-on-year.
The Agency noted that this came amid an increase in the value of exports of some commodities, the most important of which are: fertilizers by 83.3%, plastics in their primary forms by 51.9%, fresh fruits by 50.2%, and ready-made garments by 31.5%.
Exports of some commodities decreased during November
The value of exports of some commodities decreased during November 2021 compared to the same month of the previous year, the most important of which are flat-rolled products of iron or steel by 14.2%, bars, rods, and wires of iron by 11.4%, tiles and sanitary ware by 13.6%, dairy products by 8.9%.
The value of imports decreased by 0.5%
CAPMAS pointed out that the value of imports decreased by 0.5%, reaching $5.66 billion during the month of November 2021, compared to $5.69 billion for the same month in the previous year, due to the decrease in the value of imports of some commodities, the most important of which were wheat by 6.1%, passenger cars by 15.6%, meat by 21.4%, and corn by 32.5%.
The value of some commodities’ imports increased during November
The value of some commodities’ imports increased during the month of November 2021 compared to the same month of the previous year, the most important of which are petroleum products by 78.6%, copper and its products by 60.3%, medicines and pharmaceutical preparations by 37.9%, and plastics in their primary forms by 35.0%.
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