Easing trade deficit bodes well for Egyptian pound - Egyptian Gazette

Egyptian Gazette

Easing trade deficit bodes well for Egyptian pound - Egyptian Gazette

Egypt’s trade deficit fell by 4.1 per cent to $5.784 billion in the first two months of 2024, compared to $6.03 billion on the January-February period in 2023, data from the state-run Central Agency for Public Mobilization and Statistics(CAPMAS) showed yesterday. Egypt’s non-oil exports rose by 8.5 per cent to $6.067 billion on the January-February period in 2024, up from $5.591 billion on the same period last year. Imports fell by 6.9 per cent …