– Egypt’s trade deficit decreased to $3.57 billion in May, marking a 10.3% drop from the same period in 2023, according to CAPMAS.

– The country’s exports increased by 0.4% to $3.81 billion, with significant growth in agricultural product shipments, particularly fresh fruits, which rose by 17.4%.

– Imports fell by 5.1% to $7.38 billion due to reduced purchases of raw materials, intermediate goods, and consumer items, while imports of petroleum products, wheat, natural gas, and vehicles saw substantial increases.

Egypt’s trade deficit fell to $3.57 billion in May, a 10.3% decrease from the same period in 2023, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).

The country’s exports saw a slight increase of 0.4% to $3.81 billion, driven by a 17.4% rise in agricultural product shipments, particularly fresh fruits.

However, exports of certain commodities declined compared to the previous year: crude petroleum by 4.3%, petroleum products by 17.4%, fertilizers by 5.2%, and plastic raw materials by 10.5%.

Imports decreased by 5.1% to $7.38 billion, mainly due to lower purchases of raw materials, intermediate goods, and consumer items. Significant drops were noted in imports of iron, steel, plastics, pharmaceuticals, and chemicals.

Conversely, imports of certain goods rose from the previous year: petroleum products by 86.1%, wheat by 153.6%, natural gas by 39.2%, and vehicles by 15.2%.