Arab Finance: Egypt’s trade balance deficit dropped by 37.2% year on year (YoY) to $2.08 billion in January, Asharq Business reported, citing the Central Agency for Public Mobilization and Statistics (CAPMAS).

This is ascribed to the decline in the value of Egyptian imports by 25.3% YoY to $5.54 billion.

Likewise, the value of the country’s exports hit $3.46 billion in January, down by 15.6% YoY.

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