info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Photo from Daily News Egypt
According to the data collected by the Central Agency for Public Mobilisation and Statistics (CAPMAS), the balance of trade deficit was recorded $3.62bn during June 2018,with an comparasion of $2.51bn for the same month of 2017.
In a recent report, the CAPMAS explained that the value increased by 7.8% up to $2.1bn during June 2018, versus $1.95bn for the same month of previous year, due to the increased value of some commodities, such as crude oil by 33.8%, plastics in primary forms by 45.4%, miscellaneous edibles by 15.7%, and soap and washing detergents by 120.2%.
Meanwhile, exports’ value of few commodities decreased during June 2018, versus the same month of the previous year, such as garments by 17.5%, fresh fruits by 33.2%, fertilisers by 27.8%, and furniture by 13.7%.
Imports’ value increased by 28.2% to $5.72bn during June 2018, versus $4.46bn for the same month of the previous year, owing to the increased value of some commodities, such as iron or steel by 106.1%, crude oil by 84.4%, plastics in primary forms by 61.3%, and vehicles by 78.2%.
Meanwhile, imports of some commodities decreased at the same time, versus the same month of 2017, such as petroleum products by 15.6%, and wheat by 15.1%.
