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Egypt’s Trade Deficit Shrank by 17% in 2020

Adel 19 January, 2021 2:36 pm Market Update

The Egyptian Ministry of Trade and Industry said that the trade balance deficit decreased by about 17% year-on-year in 2020 to $ 38.291 billion.

The ministry added in a press statement that non-oil exports decreased by 1% to 25.295 billion dollars in 2020, while imports fell 12% to 63.587 billion dollars.

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