{"id":636412,"date":"2024-07-31T00:00:00","date_gmt":"2024-07-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/31\/non-oil-trade-deficit-declines-16-in-1h-2024\/"},"modified":"2024-07-31T00:00:00","modified_gmt":"2024-07-31T00:00:00","slug":"non-oil-trade-deficit-declines-16-in-1h-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/31\/non-oil-trade-deficit-declines-16-in-1h-2024\/","title":{"rendered":"Non-oil trade deficit declines 16% in 1H 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Egypt\u2019s non-oil trade deficit narrowed by 16% y-o-y to USD 15.9 bn in the first half <\/strong><strong>of 2024<\/strong>, down from USD 18.9 bn during the same period last year, driven by a rise in exports and a dip in imports, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/industries\/49900\/%D8%B9%D8%AC%D8%B2-%D9%85%D9%8A%D8%B2%D8%A7%D9%86-%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A-%D8%BA%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7%D9%8A-%D9%8A%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D8%A8%D8%A7%D9%84%D9%86%D8%B5%D9%81-%D8%A7%D9%84%D8%A3%D9%88%D9%84\/?utm_source=facebook&utm_medium=social&utm_campaign=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%B4%D8%B1%D9%82---%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported, citing a government document. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EXPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Exports on the rise: <\/strong>Non-oil exports increased by 9.8% y-o-y to some USD 19.6 bn in the first six months of the year, which the news outlet attributed to the float of the EGP in March making Egyptian products more competitive in foreign markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Construction materials exports contributed the lion\u2019s share:<\/strong> Construction material exports made up nearly a quarter of all non-oil exports in 1H 2024, accounting for 24% of total exports at USD 4.7 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chemical products and fertilizer exports came in second<\/strong>, standing at USD 3.8 bn, representing 19% of total exports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Food industries were close behind in third place<\/strong>, clocking in USD 3.1 bn worth of exports, accounting for 15% of total export receipts. Meanwhile, agricultural exports stood at USD 2.7 bn, making up 14%, followed by engineering products and electronics, which registered USD 2.6 bn in exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ON THE IMPORTS FRONT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Imports were down:<\/strong> Non-oil imports dipped by 3.3% y-o-y to EGP 35.6 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Electronics and engineering goods made up the largest part of our import bill<\/strong>, accounting for 30% of the country\u2019s imports, totaling USD 10.8 bn during the six-month period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We imported much more construction materials than we exported:<\/strong> Construction materials were the second biggest contributor to our import bill, totalling USD 6.8 bn throughout the period and making up 18% of the country\u2019s total imports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Coming in third, fourth, and fifth<\/strong>, were chemical and fertilizer imports at USD 5.1 bn, agricultural imports of USD 4.9 bn, and foodstuff imports that came in at USD 3.9 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The improvement was attributed to a 9.8% increase in exports and a 3.3% decrease in imports<\/p>\n","protected":false},"author":1,"featured_media":636413,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[7038,104,72,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-balance-of-payments","tag-economy","tag-enterpriseam","tag-trade","wpautop","entry"],"acf":{"mongo_id":"bd8b5caa-c0ef-4aff-a0ae-35ed10590cb7","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2578.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s non-oil trade deficit declines 16% in 1H 2024","related_issue":[636407],"teaser":"The improvement was attributed to a 9.8% increase in exports and a 3.3% decrease in imports","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.1b66c4be-6cf6-45a8-8be4-73867a9cb94e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The slim drop in the deficit came as non-oil exports rose 6% y-o-y to USD 7.44\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":672420,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/24\/trade-deficit-hikes-up-20-y-o-y-in-2024-to-usd-50-bn\/","url_meta":{"origin":636412,"position":1},"title":"Trade deficit hikes up 20% y-o-y in 2024 to USD 50 bn","author":"enterpriseam admin","date":"24 September 2025","format":false,"excerpt":"Exports rose 6.5% y-o-y to USD 45.3 bn, while imports climbed up 13.2% y-o-y to USD 95.3 bn","rel":"","context":"In &quot;Trade&quot;","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/452.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":664726,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/current-account-deficit-rises-to-usd-11-1-bn-in-1h-fy-2024-2025\/","url_meta":{"origin":636412,"position":2},"title":"Current account deficit rises to USD 11.1 bn in 1H FY 2024-2025","author":"enterpriseam admin","date":"6 May 2025","format":false,"excerpt":"The trade deficit rose to 47.4% during the period","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648803,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/12\/higher-exports-and-lower-imports-drive-egypts-trade-deficit-for-january-down-37-1-y-o-y\/","url_meta":{"origin":636412,"position":3},"title":"Higher exports and lower imports drive Egypt\u2019s trade deficit for January down 37.1% y-o-y","author":"enterpriseam admin","date":"12 April 2017","format":false,"excerpt":"Exports up, imports down in January. Egypt\u2019s trade deficit dropped 37.1% year-on-year in January to USD 2.34 bn compared to USD 3.72 bn in the same month last year, according to the latest statistics from CAPMAS. Exports rose 27.1% y-o-y to USD 1.82 bn, led by rising crude oil and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":658910,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/19\/egypts-current-account-deficit-doubles-to-usd-5-9-bn-in-1q-fy-2024-2025\/","url_meta":{"origin":636412,"position":4},"title":"Egypt\u2019s current account deficit doubles to USD 5.9 bn in 1Q FY 2024-2025","author":"enterpriseam admin","date":"19 January 2025","format":false,"excerpt":"The deficit was driven by a sharp increase in the trade deficit and a significant decline in Suez Canal revenues","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1169.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570416,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/current-account-deficit-narrows-in-the-first-half-of-fy-2019-2020\/","url_meta":{"origin":636412,"position":5},"title":"Current account deficit narrows in the first half of FY 2019-2020","author":"enterpriseam admin","date":"31 March 2020","format":false,"excerpt":"Current account deficit narrows in the first half of FY 2019-2020: Egypt\u2019s current account deficit narrowed to USD 4.6 bn in 1H2019-2020 from USD 5.3 bn the previous year, according to official data (pdf). The fall was caused primarily by an improving non-oil trade balance and a rise in unrequited\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/352.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=636412"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636412\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/636413"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636412"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636412"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}