{"id":642052,"date":"2017-08-06T03:53:21","date_gmt":"2017-08-06T03:53:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/trade-deficit-down-50-in-the-first-half-of-the-year\/"},"modified":"2017-08-06T03:53:21","modified_gmt":"2017-08-06T03:53:21","slug":"trade-deficit-down-50-in-the-first-half-of-the-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/trade-deficit-down-50-in-the-first-half-of-the-year\/","title":{"rendered":"Trade deficit down 50% in the first half of the year"},"content":{"rendered":"

<\/a> The Trade and Industry Ministry announced on Thursday that the trade deficit for 1H2017 <\/strong>was nearly halved thanks to falling imports and a modest bump in exports<\/strong>. The ministry says the trade deficit dropped 46% y-o-y to USD 13 bn. This came as imports fell 30% to USD 24 bn compared to the same period last year, Exports, meanwhile, rose 8% to USD 11 bn, Reuters notes<\/a>. Trade Minister Tarek Kabil says the improvement came after the government\u2019s crackdown on lower-quality imports, replacing imported manufacturing inputs with local ones whenever feasible, and expanding exports. The largest increases in exports came in chemicals and fertilizers, construction materials, and ready-made garments, according to Ahram Gate<\/a>. The news adds context to a Reuters piece we noted on Thursday<\/a> that surveyed six importers who said the tonnage they have brought into the country was down 25% compared to last year<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Trade and Industry Ministry announced on Thursday that the trade deficit for 1H2017 was nearly halved thanks to falling imports and a modest bump in exports. The ministry says the trade deficit dropped 46% y-o-y to USD 13 bn. This came as imports fell 30% to USD 24 bn compared to the same period […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642052","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"826dd2e2-a71a-45af-a62c-cad29f45f507","order":"0","is_powered_by":true,"section_story_id":"830bc74b-081b-489a-9491-b5ff2af116d9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642044],"teaser":"","voice_url":""},"yoast_head":"\nTrade deficit down 50% in the first half of the year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/trade-deficit-down-50-in-the-first-half-of-the-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade deficit down 50% in the first half of the year\" \/>\n<meta property=\"og:description\" content=\"The Trade and Industry Ministry announced on Thursday that the trade deficit for 1H2017 was nearly halved thanks to falling imports and a modest bump in exports. 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The narrowing of the deficit was caused by a 5.5% y-o-y fall in imports to USD 17.96\u2026","rel":"","context":"In "Speed Round"","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":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":642052,"position":1},"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 "Speed Round"","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":561724,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/trade-deficit-remains-flat-1q2021\/","url_meta":{"origin":642052,"position":2},"title":"Trade deficit remains flat 1Q2021","author":"enterpriseam admin","date":"19 April 2021","format":false,"excerpt":"Egypt\u2019s non-oil trade deficit remained essentially flat in 1Q2021, narrowing just 1% to reach USD 9.55 bn compared to USD 9.68 bn in 1Q2020, Trade and Industry Minister Nevine Gamea said in a statement. The slim drop in the deficit came as non-oil exports rose 6% y-o-y to USD 7.44\u2026","rel":"","context":"In "Economy"","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":651019,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/02\/trade-deficit-decreased-by-usd-9-bn-in-2016-sources\/","url_meta":{"origin":642052,"position":3},"title":"Trade deficit decreased by USD 9 bn in 2016 -sources","author":"enterpriseam admin","date":"2 February 2017","format":false,"excerpt":"Egypt\u2019s trade deficit was down by USD 9 bn at the end of 2016, Trade and Industry Minister Tarek Kabil said, Al Mal reported. 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