Thndr Claps » EGY Claps » Economy 🏙 » Trade deficit up in October 2022 ⚖️
The ClapThe trade deficit in October 2022 was recorded at $3.58bn, a 21.1% increase annually.
WhatDuring this period, Egypt’s exports decreased by 9.4% YoY, while imports increased by 3.3% YoY.
So WhatOne of the biggest important reasons for the decline in exports is the 45.4% YoY decrease in crude oil exports.
The increase in imports, on the other hand, was largely due to the increase in the value of some imports, such as petroleum products, by 104.6%.
Now WhatDuring October 2022, the value of exports was recorded at $3.77bn, whereas imports were recorded at $7.35bn.
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