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Statistics: Trade balance decline by 13.8%, exports rose by 26%
MARIAM BDR AL DIN AMANY SABER Published in Youm7 on 17 - 10 - 2011

Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) announced the trade balance deficit decreased by 13.8 percent, equaling 13.526 billion EGP (U.S. $2.27 billion) during July 2011 when it was 15.688 billion EGP (U.S. $2.63 billion) in July 2010.
The CAPMAS added exports rose by 26.0 percent, equaling 15.926 billion EGP (U.S. $2.667 billion) in June 2011, while they were 12.639 billion EGP (U.S. $2.12 billion) in June 2010. This raise was a result by increasing prices of some products such as petroleum products, crude oil, apparel, fertilizers, iron bars, and rods, and angles iron.
The CAPMAS reported imports also increased by 4.0 percent, reaching 29.452 billion EGP (U.S. $4.933 billion) in July 2011, while they were 28.327 billion EGP (U.S. $4.75 billion) in July 2010. This raise also resulted from the increasing prices of some products such as petroleum products - raw materials of iron or steel - corn - plastics and crude oil.

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