Home / Market Update / Egypt’s Trade Deficit Shrank by 17% in 2020
Egypt
Egypt

Egypt’s Trade Deficit Shrank by 17% in 2020

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.

Check Also

European Stocks Edge Higher as Corporate Earnings, Trade Optimism Boost Sentiment

European equity markets traded slightly higher on Tuesday, supported by a flood of quarterly corporate …