Egypt’s trade balance deficit up in April

Deficit rose to USD 3.87 billion, up 6.8% from a year ago. Exports increased by just 0.5%, while imports increased by 4%.

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São Paulo – Egypt’s trade balance deficit rose to USD 3.87 billion in April 2019 from USD 3.63 billion in April last year, up 6.8%, said the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday (11).

Egypt’s exports increased by 0.5% in April 2019, to USD 2.58 billion from USD 2.57 billion in the same period last year. The agency assigned the boost to the increase in exports of some products like oil products by 231%, crude oil by 35%, garments (pictured) by 4.8% and plastics by 8.8%.

The report showed that Egypt’s imports saw an increase of 4.2% to USD 6.46 billion in April. Iron and steel, wheat, plastics, and pharmaceutical drugs accounted for most of Egypt’s imports during the month.

Brazil

Brazil exported USD 95.08 million in products to Egypt in April, down 20.3% year-over-year, while importing USD 8.015 million from the Arab country, up 39.3% from a year ago. The numbers are from the Arab Brazilian Chamber of Commerce.

Translated by Guilherme Miranda

Khaled Desouki/AFP

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