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FINANCIAL NEWS
Egypt’s trade deficit falls 16 percent to USD2.6bn
20 Jul 2016
(MENAFN) The deficit in Egypt’s trade balance dropped by 26 percent in April this year to USD2.6bn, compared with USD3.62bn in the same month last year.
Accordingly, the volume of Egypt’s foreign trade declined in April 2016 to USD6.41bn, against USD6.8bn a year earlier.
However, State’s exports volume increased by 14.1 percent, which reached USD1.86bn this year, compared to USD1.62bn in 2015.
The increase was due to the hike in exports value of some products; like oil products at 1.4 percent, fresh orange at 29.4 percent and fertilizers at 524.8 percent.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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