Egypt’s trade deficit shrinks 7.8% y-o-y in 1Q2019 -Reuters

Trade deficit shrinks 7.8% y-o-y in 1Q2019 -Reuters: Egypt’s trade deficit has shrunk by 7.8% y-o-y in 1Q2019 to USD 10.57 bn, according to calculations made by Reuters Arabicbased on data from CAPMAS. The narrowing of the deficit was caused by a 5.5% y-o-y fall in imports to USD 17.96 bn, which offset a 1.9% y-o-y decline in exports to USD 7.39 bn.