Egypt’s trade deficit fell by 27.8% in June 2021, recording $2.94 billion, reveals Central Agency for Public Mobilization and Statistics
In July alone, non-oil exports climbed 4% YoY to reach $2.095 billion, compare to July 2020’s $2.021 billion
The increase in exports were attributed to increased demand for various commodities, with plastic in their primary forms exports climbing 96.6%
Importers and their agents will be able to pay 30% of dues in advance for their cargo before its arrival to Egyptian ports as part of efforts to speed up customs procedures
The return of export subsidies will contribute to providing cash liquidity as exporters continue to deal with the on-going pandemic’s effects on the industry
