CAIRO: Egypt’s non-oil trade balance deficit rose 12.7 percent to $30.7 billion between July 2020 and March 2021, according to data from the Ministry of Finance.
The rise came as a result of the $4.5 billion increase in payments for non-oil merchandise imports, amounting to a record $45.4 billion, which exceeded the increase in receipts from non-oil merchandise exports.
The increase in imports was concentrated in medicines and medical sterilizers, needed to counter coronavirus, while corn, auto parts, tractors and railway locomotives also increased.
The increase in non-oil merchandise exports was about $1 billion, to a total of $14.6 billion, most of which came in the exports of electrical appliances for home use and cables.
Egypt’s non-oil trade deficit rises 12.7 percent
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Updated 01 July 2021
Egypt’s non-oil trade deficit rises 12.7 percent
- The increase in imports was concentrated in medicines and medical sterilizers, needed to counter COVID-19
