Egypt's non-oil trade deficit downs 10.7 pct in Q2

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Egypt's non-oil trade deficit downs 10.7 pct in Q2

STORY: Egypt's non-oil trade deficit downs 10.7 pct in Q2 DATELINE: Aug. 23, 2023 LENGTH: 00:00:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt 2. various of oil and gas fields STORYLINE: Egypt's non-petroleum trade deficit has reached 7.5 billion U.S. dollars in the second quarter (Q2) of 2023, showing a 10.7 percent dip from the same period last year, said the Egyptian cabinet on Tuesday. It said in a media release that the decrease in non-petroleum import value was behind the decline of the trade deficit, adding that non-oil imports value has dropped to 15.9 billion dollars in 2023 from 17.6 billion dollars in 2022. The value of the non-oil exports fell to 8.4 billion dollars in Q2 from 9.2 billion U.S. dollars in the same period last year, it said. China served as the most important non-oil trade partner with Egypt in Q2 in terms of trade volume, followed by the United States, Türkiye, Italy, Russia, and Saudi Arabia. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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