– Egypt’s trade deficit in April 2024 decreased by 2.5%, reaching $2.68 billion compared to $2.75 billion in April 2023, according to CAPMAS.

– Exports rose by 0.8% to $3.29 billion in April 2024, driven by increased values in petroleum products, ready-made garments, pastes and food preparations, and pharmaceuticals.

– Imports decreased by 0.7% to $5.97 billion in April 2024, attributed to declines in primary plastic forms, organic and inorganic chemicals, pharmaceuticals, and corn, despite notable increases in petroleum products, wheat, raw iron or steel materials, and natural gas.

The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a 2.5% decrease in Egypt’s trade deficit for April 2024, bringing it down to $2.68 billion from $2.75 billion in April 2023, according to an official statement.

Exports saw a slight increase of 0.8%, rising to $3.29 billion in April 2024 from $3.26 billion the previous year.

This growth was driven by higher export values for petroleum products (up 16.3%), ready-made garments (up 31.4%), pastes and food preparations (up 45%), and pharmaceuticals (up 64%). However, there were declines in the export values of fresh fruits (down 6%), fertilizers (down 35.6%), primary plastic forms (down 4%), and crude oil (down 67.6%).

Import values fell by 0.7%, totaling $5.97 billion in April 2024, compared to $6.01 billion in April 2023.

The decline was due to lower import values for primary plastic forms (down 11.4%), organic and inorganic chemicals (down 17.4%), pharmaceuticals (down 9.4%), and corn (down 33.1%).

On the other hand, imports of petroleum products (up 32.5%), wheat (up 45.2%), raw iron or steel materials (up 28.6%), and natural gas (up 30.7%) saw significant increases.