Egypt’s Trade Deficit Narrows

(3 Minutes Read)

According to the agency’s foreign trade data, exports rose by 24.1%, reaching USD 4.43 billion in February 2025, compared to USD 3.57 billion in February 2024.

Egypt’s trade deficit narrowed to USD 2.33 billion in February 2025, down from USD 3.28 billion in the same month last year, a 29.1% decrease, according to the latest data released by the Central Agency for Public Mobilisation and Statistics (CAPMAS).

According to the agency’s foreign trade data, exports rose by 24.1%, reaching USD 4.43 billion in February 2025, compared to USD 3.57 billion in February 2024.

 This growth was driven by higher exports of key commodities, including ready-made garments up by 30.6%, petroleum products up by 12.2%, various food preparations and pasta up by 9.3%, and raw plastics up by 3.4%.

Exports of some goods declined, such as fresh fruits down by 9.9%, fertilisers down by 17.2%, potatoes down by 5.2%, and iron and its products down by 32.3%. Imports also fell by 1.4%, recording USD 6.76 billion in February 2025, compared to USD 6.85 billion in the same month of 2024.

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This was despite an increase in imports of certain items, including petroleum products (up 12.6%), natural gas (up 150.6%), corn (up 40.8%), and soybeans (up 12.9%). Conversely, imports of several other goods declined, including wheat (down 13.2%), raw iron or steel materials (down 33.7%), pharmaceuticals (down 2.9%), and raw plastics (down 6.8%).