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23.2% decrease in trade deficit in March 2024: CAPMAS
o Natural gas grew 12 4% Published in Daily News Egypt on 30 - 05 - 2024

The Central Agency for Public Mobilization and Statistics (CAPMAS) has released its monthly bulletin on "Foreign Trade Data" for March 2024.
The trade balance deficit reached $2.37bn during March 2024, compared to $3.09bn for the same month in the previous year, representing a 23.2% decrease.
Exports declined by 10.9%, totalling $3.57bn in March 2024, down from $4.0bn in the same month of the previous year. This decrease was primarily due to reduced values of certain commodities, including:
*
o Plastics in their primary forms (down by 6.7%)
o Fertilizers (decreased by 57.4%)
o Iron bars, rods, angles, and wires (down by 1.1%)
o Crude oil (decreased by 49.9%)
However, some commodities saw an increase in export value during March 2024 compared to the previous year:
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o Petroleum products (up by 130.3%)
o Fresh fruits (increased by 7.2%)
o Ready-made clothes (rose by 14.2%)
o Pasta and various food preparations (grew by 26.8%)
Imports decreased by 16.2%, reaching $5.94bn in March 2024, down from $7.09bn in the same month of the previous year. The decline in imports was influenced by reduced values of specific commodities, including:
*
o Medicines and pharmaceutical preparations (decreased by 25.6%)
o Organic and inorganic chemicals (down by 31.8%)
o Plastics in their primary forms (decreased by 31.0%)
o Corn (reduced by 15.0%)
On the other hand, certain commodities experienced increased import values in March 2024:
*
o Petroleum products (up by 44.5%)
o Raw materials of iron or steel (increased by 17.7%)
o Wheat (rose by 15.8%)

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