SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt welcomes international efforts for peace in Ukraine    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



22.1% decrease in trade balance deficit in September 2015
The deficit recorded EGP 29.49bn in September 2015, compared to EGP 37.86bn in the same month in 2014
Rana Yehia Published in Daily News Egypt on 20 - 12 - 2015

The trade balance deficit decreased by 22.1% in September 2015 compared to the same month in 2014, the Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed in its bulletin for foreign trade data on Sunday.
The bulletin showed that the deficit recorded EGP 29.49bn over September 2015, compared to EGP 37.86bn in the same month in 2014. CAPMAS showed a decline in exports' value by 25.4%, recording EGP 11.12bn in September 2015 compared to EGP 14.90bn in September 2014.
The decline was attributed to a reduction in the value of a number of commodities, such as crude oil that declined by 46.8%, petroleum products by 57.7%, and clothes by 19.2%, according to CAPMAS.
The bulletin also highlighted that a number of commodities export increased in September 2015 compared to the same month previous year. These goods include fresh fruits, of which exports rose by 4.8% and fresh onions by 193.8%.
In September 2015, import value decreased by 23% recording EGP 40.61bn compared to EGP 52.76bn in September 2014.
CAPMAS added said the decline in imports is attributed to a decrease in the value of several goods, such as petroleum products by 15.8%, wheat by 50.3%, and crude oil by 67.9%.
Meanwhile, the import value of several products increased in September 2015 compared to September 2014, such as medicines, which increased in value by 1.5%, and meat by 29.3%.
In July 2015, the trade balance deficit inched up to register EGP 34.7bn, compared to EGP 25bn recorded in the same month in 2014, marking a 38.8% year-on-year increase.

Clic here to read the story from its source.