Thndr Claps » EGY Claps » Economy 🏙 » Egypt’s trade deficit goes down by almost half ↘️
The ClapEgypt’s trade deficit went down by 53% in April.The DeetsEgypt recorded a trade deficit of $1.7 billion in April 2022, down from $3.62 billion in April 2021.The value of exports in April 2022 had increased to $4.94 billion, up from $3.2 billion last year. This significant increase can mainly be attributed to petrol exports which saw a 204% increase, as well as increase in exports of fertilizers and clothes.We also see imports of a few commodities go down, with imports of fruits going down by around 15% among other things.Import and Export levelsEgypt has witnessed a fluctuation in the import and export levels due to a number of reasons. The price increase or decrease of some of the commodities has an effect on the import and export levels.
© Thndr. All rights reserved
Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved
Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.
This is why we introduced Thndr Thinkers💭
Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!
Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts
Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!
Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours
Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.
Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers
No promotional content🚫 We don’t publish promotional content.
Any questions about becoming a Thndr Thinker? Email firstname.lastname@example.org and we’d be happy to help!
Normally, your article will be published within 24 hours of submission (if you followed the guidelines)