The rise in the value of imports 28% .. Learn about the reasons for the rise in trade deficit last June

The rise in the value of imports 28% .. Learn about the reasons for the rise in trade deficit last June

Written by Medhat Adel

The monthly bulletin of foreign trade data (June 2018), issued by the Central Agency for Public Mobilization and Statistics (CAPMAS), showed a 44% increase in the trade deficit during the month, with a deficit of $ 3.62 billion, compared to $ 2.51 billion for the same month of the year. Previous.

The indicators of Egyptian exports during this period show that the value of exports increased by 7.8% and recorded 2.10 billion dollars during the month of June 2018 compared to 1.95 billion dollars for the same month of the previous year due to the increase in the value of exports of some commodities, The percentage of exports of some commodities during the month of June compared to the same month of the previous year, the most important of which are "ready-made garments by percentage of raw materials, 17.5%, fresh fruit by 33.2%, fertilizer by 27.8%, and furniture by 13.7%.

On the other hand, the value of imports increased by 28.2% to reach 5.72 billion dollars in June 2018 compared to 4.46 billion dollars for the same month of the previous year due to the increase in the value of imports of some commodities, the most important are raw materials of iron or steel by 106.1% Crude by 84.4%, plastics by 61.3%, and motor vehicles by 78.2%, while the value of imports of some commodities declined in June 2018 compared to the same month of the previous year, the most important of which are "petroleum products by 15.6%, wheat 15.1%, fiber and artificial filament yarns of 15.6%, pumps and fans of 16.5%.

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