Egypt’s trade deficit down
The Head of the Egyptian Statistics Bureau, Ehab Alawi, has revealed that the Egyptian trade deficit was reduced by 10 billion Egyptian pounds ($2.6 billion) last year, reported Al-Quds Al-Arabi newspaper. Trade deficit reached EP 32.5 billion ($8.5 billion) by the end of 2000, down from EP 42.5 billion ($11.1 billion) at the end of the previous year.
According to Alawi, the exports totaled over EP 16.2 billion ($4.2 billion) at the end of 2000, up from EP 12 billion the previous year, reflecting a four billion EP rise ($1.1 billion).
Furthermore, he asserted that the value of imports had grown to two billion EP ($520 million) at the end of last year, up from EP 1.5 billion ($390 million) for the previous year. —(Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)