Egypt's trade balance deficit decreased during the month of April, reaching $3.1 billion, compared to $3.5 billion in the same month of 2020, a decrease of 13.3%, according to Central Agency for Public Mobilization and Statistics.
The agency said in a statement on Sunday that the value of exports rose by 47.4%, to reach $2.84 billion during the month of April, compared to $1.93 billion in the same month of the year. Previous.
The agency attributed this increase to the increase in the value of exports of some commodities, the most important of which are medicines and pharmaceutical preparations by 77.2%, and fresh fruits by 60%, in addition to pasta and various food preparations by a percentage of 12%.
The value of some commodities' exports decreased during the month of April of this year, compared to the same month of the previous year, including fertilizers by 29.9% and flat-rolled products of iron or steel. by 10.9%, as well as potatoes by 37.2%, and sugar by 39.7%.
On the other hand, the value of imports increased by 8.1%, to record $5.92 billion during the month of April, compared to $5.47 billion for the same month last year. This is due to the increase in the value of some commodities’ imports, for example, passenger cars by 58.9%, iron ores and concentrates by 58.6%, and plastics in their primary forms by 27.2%.
The value of imports of some commodities decreased during the month of April 2021, compared to the same month of the previous year, of which raw materials were iron or steel by 4.4%, and wheat by 4.4%. 7.4%, medicines and pharmaceutical preparations 6.3%, and organic and inorganic chemicals 6.3%.
