Egypt’s Trade Deficit Falls in January 2023

Updated 4/30/2023 4:06:00 PM
Egypt’s Trade Deficit Falls in January 2023

Egypt’s trade balance deficit plunged 47% year on year (YoY) reaching $2.48 billion in January of this year, compared to a deficit amounting to $4.68 in the same month of 2022, according to the country’s stats body CAPMAS.  

The value of Egyptian exports declined by 7.1% YoY in January, reaching $3.85 billion.  

Likewise, imports fell by 28.2% YoY hitting $6.33 billion.

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Egypt Trade

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