RIYADH: A rise in Egypt’s exports coupled with a drop in imports led the country’s trade balance deficit to decrease 10.3 percent in May, reaching $3.57 billion, according to official data.
Figures released by the north African country’s Central Agency for Public Mobilization and Statistics showed the value of goods leaving Egypt increased by 0.4 percent year on year to hit $3.81 billion in the fifth month of the year, while incoming trade decreased by 5.1 percent to stand at $7.38 billion.