Egypt’s trade deficit was down by USD 9 bn at the end of 2016, Trade and Industry Minister Tarek Kabil said, Al Mal reported. Exports grew 8.65% to USD 20.285 bn in 2016 from USD 18.670 bn in 2015, while imports fell 10.5% to USD 62.925 bn in 2016 from USD 70.277 bn in 2015, an unnamed government source tells Reuters.

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