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IDSC: 10.7% reduction in value of non-petroleum trade deficit in 3rd quarter in 2023

IDSC: 10.7% reduction in value of non-petroleum trade deficit in 3rd quarter in 2023

December 17, 2023
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IDSC: 10.7% reduction in value of non-petroleum trade deficit in 3rd quarter in 2023

by Gazette Staff
December 17, 2023
in Egypt
IDSC: 10.7% reduction in value of non-petroleum trade deficit in 3rd quarter in 2023 11 - Egyptian Gazette
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CAIRO – The cabinet’s media centre highlighted a reduction by 15% in the non-petroleum trade deficit during the third quarter of 2023 to hit 9.1 billion dollars, compared to the same quarter in 2022 that recorded 10.7 billion dollars.

In its publication, titled “Non-Petroleum Commodities Exports,” the centre said the value of non-petroleum exports reached in the same period 8.5 billion dollars against nearly 7.7 billion dollars in the comparison period, marking a rise rate of about 10.4 per cent.

Non-petroleum imports declined to 17.6 billion dollars in the 3rd quarter of 2023, compared to about 18.4 billion dollars in the relevant quarter in 2022 with a reduction rate of about 4.3 per cent, according to it.

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