Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Economy 🏙 » Egypt’s trade deficit goes down by almost half ↘️

Egypt’s trade deficit goes down by almost half ↘️

by Omar El Shorafa
July 6, 2022

The Clap
Egypt’s trade deficit went down by 53% in April.

The Deets
Egypt 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 levels
Egypt 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.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Economy 🏙

Net foreign assets rise in December 2022

by Shams Abbas
February 1, 2023
Highest inflation level in 5 years
Economy 🏙

Transmash plans to invest $500 million in Egypt

by Shams Abbas
February 1, 2023
Economy 🏙

Updates on stuck imports & state-privatization program

by Shams Abbas
January 30, 2023
Despite rising revenues, CIRA’s profits decline
Economy 🏙

Egypt’s external debt declines in Q3-2022

by Shams Abbas
January 30, 2023
Economy 🏙

Standard Chartered expects more interest rate hikes for Egypt

by Shams Abbas
January 29, 2023
Economy 🏙

S&P Global affirms Egypt’s credit rating & economic outlook

by Shams Abbas
January 28, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

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 thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)