The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the value of the trade deficit amounted to US$ 2.87 billion during June, compared to $3.02 billion in the same month last year – a decrease of 5.1 percent.
The agency explained in the monthly bulletin of foreign trade data in June that the value of exports decreased by 1.6 percent, reaching $3.13 billion this June compared to $3.18 billion for June 2023.
CAPMAS attributed this to the decrease in the value of exports of some commodities, the most important of which being: fertilizers by 42.9 percent, crude oil by 64.6 percent, iron bars, rods, angles and wires by 23.7 percent, fresh onions by 25.4 percent.
It noted that the value for the exports of some commodities increased during June compared to the previous year, most major being: petroleum products by 56.3 percent, ready-made clothes by 5.5 percent, fresh fruits by 24.3 percent, pasta and various food preparations by 12.4 percent.
The total value of imports decreased by 3.3 percent, reaching six billion during June compared to $6.21 billion for the same month of the previous year, the agency said.
This is due to the decrease in the value of imports of some commodities, the most important of which are wheat by 21.5 percent, medicines and pharmaceutical preparations by 11.9 percent, plastics in their primary forms by 4.2 percent, corn by 28.6 percent.
CAPMAS also confirmed an increase in the value for imports of some commodities during June 2024 compared to their counterparts last year, the most important of which are: petroleum products by 49.8 percent, raw materials of iron or steel by 33.6 percent, organic and inorganic chemicals by 5.8 percent, natural gas by 39.6 percent.
