Thndr Claps » EGY Claps » Economy 🏙 » Egypt’s trade deficit slightly up in August☝
The ClapEgypt’s trade deficit was up 0.6% year-over-year in August 2022.
ExportsExports decreased in August on a yearly basis, mainly driven by a sharp decrease in crude oil exports.
ImportsImports also declined, driven by medicines & pharmaceutical products.
So whatThe increased deficit comes after a couple of months of decreasing trade deficit in June & July 2022.
Now whatAs of August 2022, Egypt’s trade deficit stands at $4.18 billion.
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