Egypt trade balance deficit jumps as exports subside
- Egypt: Tuesday, February 19 - 2013 at 03:58
According to data by Egypt's statistical body CAPMAS, the country's trade deficit rose further in November last year, growing by 29% over the same month the previous year, Ahram has reported. The trade deficit jumped to EGP29bn in November 2012, compared with EGP17bn a year earlier. The rise in deficit was attributed to a drop in exports due to a decline in global demand for the country's petroleum products, garments, fertilisers and electrical wires.
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