Thndr Claps » EGY Claps » Economy 🏙 » Trade deficit improves in September 2022💱
The ClapEgypt’s trade deficit improved last September, recording $2.4 billion.
WhatThat’s a 41% decrease on a yearly basis, a good thing, driven by exports rising 11% & imports decreasing 16%.
So whatThe main driver for the decrease in the deficit was liquified natural gas exports, which skyrocketed 671% YoY in September 2022.
Now whatThe brewing energy crisis in Europe could provide an opportunity for Egyptian companies, especially fertilizer-producing ones.
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