Lower natural gas exports widen Egypt's trade deficit by 4.3 pct in May

STORY: Lower natural gas exports widen Egypt's trade deficit by 4.3 pct in May DATELINE: Aug. 9, 2023 LENGTH: 00:01:03 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of CAPMAS 2. various of ships loaded with containers 3. various of gas field 4. various of wheat shipments at a port STORYLINE: Egypt's trade deficit rose by 4.3 percent to 3.74 billion U.S. dollars in May, compared to 3.57 billion U.S. dollars in the same month last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on Tuesday. CAPMAS ascribed the considerable decline in total exports to plunges in exports of natural gas (69.7 percent) and a surge in wheat imports (92.5 percent). Egypt's exports dropped 20.9 percent to 3.38 billion U.S. dollars in May, compared to 4.28 billion U.S. dollars a year earlier. Over the same time period, Egypt's total imports declined by 9.4 percent to 7.12 billion U.S. dollars. Egypt's trade deficit surged 23.8 percent in April over the same month in 2022, driven by

• Product Code
• ILEA001596974

• Registered date
• 2023/8/09 00:00:00

• Credit
• Xinhua / Kyodo News Images

• Media source
• Xinhua News Agency.All Rights Reserved

• Media size
• 1920 × 1080 pixel

• Deployment size
• 64.95(MB)*

• Special instruction

*File size when opened in Photoshop, etc.