{"id":672420,"date":"2025-09-24T00:00:00","date_gmt":"2025-09-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/24\/trade-deficit-hikes-up-20-y-o-y-in-2024-to-usd-50-bn\/"},"modified":"2025-09-24T00:00:00","modified_gmt":"2025-09-24T00:00:00","slug":"trade-deficit-hikes-up-20-y-o-y-in-2024-to-usd-50-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/24\/trade-deficit-hikes-up-20-y-o-y-in-2024-to-usd-50-bn\/","title":{"rendered":"Trade deficit hikes up 20% y-o-y in 2024 to USD 50 bn"},"content":{"rendered":"

Egypt\u2019s trade deficit rose 20.2% y-o-y in 2024 to record USD 50 bn,<\/strong> according to state statistics agency Capmas data (pdf)<\/a>. 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. <\/p>\n

It's shaky everywhere, even on a global scale. <\/strong>Trade policy uncertainty \u201chas escalated to unprecedented levels,\u201d driven by industrial policy, rising competition for raw materials and concerns over trade imbalances, according to UNCTAD\u2019s latest Global Trade Update (pdf)<\/a>. To build resilience to the trend of growing uncertainty, export markets need to diversify and actively participate in international agreements, the report warned.<\/p>\n

A closer look: <\/strong>Non-oil exports rose 14.4% y-o-y to USD 39.3 bn in 2024 \u2014 making up the brunt of the country\u2019s total exports. Non-oil imports increased almost 9.2% to USD 79.2 bn during the same year. On the flip side, oil and gas exports amounted to USD 5.5 bn in 2024 \u2014 decreasing nearly 29% y-o-y \u2014 while oil and gas imports surged nearly 38.3% y-o-y to USD 16.1 bn. <\/p>\n

Manufactured goods stood out as our top export product <\/strong>\u2014 with fully manufactured goods amounting to 54.1% of all non-petroleum goods exported. Of this, gold and gold-plated platinum came in first at USD 3.2 bn, followed by ready-made clothing and accessories at USD 2.8 bn, then plastics and iron products tied in third place both valued at USD 2.3 bn. <\/p>\n

A number of key imported goods decreased in total value.<\/strong> Corn imports fell 8.5% y-o-y last year to record USD 2.3 bn, imports of wood and wooden products fell 2.4% y-o-y to USD 1.2 bn, and crude oil imports plummeted by nearly half to USD 900 mn. Intermediate goods led the way in terms of imports, making up 35.8%, followed by fuel at 17.3%, and non-durable consumer goods at 16%.<\/p>\n

KSA stood out as a key player in both departments <\/strong>\u2014 receiving nearly 7.7% of our total exports (USD 3.5 bn) and accounting for 8.3% of all imports (USD 7.9 bn). Looking East, China was our top import source, responsible for some 16.5% of Egypt's total imports \u2014 recording a total of USD 15.7 bn. Turkey held a near 7.6% share of total exports \u2014 recording a total of USD 3.4 bn. The US also deserves an honourable mention \u2014 delivering 8% of total imports.<\/p>\n

Alexandria Port stood out as our top operating port<\/strong>, accounting for some 31.1% of Egypt\u2019s total exports and 22.1% of our total imports last year. This was followed by Cairo\u2019s airports \u2014 which sent out 14.8% of exports and received 20.8% of total imports. Ain Sokna Port followed in the way of imports, hauling in 12.3%, while the Tenth of Ramadan Dry Port came in third in terms of exports, having sent out 10.4% of exports last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

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<\/p>\n","protected":false},"author":1,"featured_media":672421,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[8516],"tags":[104,72,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-672420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-economy","tag-enterpriseam","tag-trade","wpautop","entry"],"acf":{"mongo_id":"efb3c511-92e1-4506-90ad-92d35884bcdf","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/452.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s trade deficit hikes up 20% y-o-y in 2024 to USD 50 bn","related_issue":[672406],"teaser":"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","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.f952d802-488d-4501-a67c-fc064e48e281.mp3"},"yoast_head":"\nTrade deficit hikes up 20% y-o-y in 2024 to USD 50 bn - 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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 "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":590812,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/current-account-deficit-narrows-in-3q-2022-23\/","url_meta":{"origin":672420,"position":1},"title":"Current account deficit narrows in 3Q 2022-23","author":"enterpriseam admin","date":"26 July 2023","format":false,"excerpt":"Current account deficit reaches USD 3.5 bn","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\/2023\/7\/1042.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545903,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/17\/current-account-deficit-narrows-in-2q-2021-2022\/","url_meta":{"origin":672420,"position":2},"title":"Current account deficit narrows in 2Q 2021-2022","author":"enterpriseam admin","date":"17 April 2022","format":false,"excerpt":"Egypt\u2019s current account deficit narrowed to USD 3.8 bn in 2Q 2021-2022, from USD4.8 bn in the same period last year, calculating on the basis of central bank figures (pdf) released Thursday. The deficit also narrowed 5% on a quarterly basis from USD 4 bn in 1Q.Thank tourism revenues and\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\/2022\/4\/287.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599831,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/egypts-current-account-deficit-narrows-marginally-bop-nets-usd-248-1-mn-in-1qfy18-19\/","url_meta":{"origin":672420,"position":3},"title":"Egypt\u2019s current account deficit narrows marginally, BoP nets USD 248.1 mn in 1QFY18-19","author":"enterpriseam admin","date":"13 January 2019","format":false,"excerpt":"Egypt\u2019s current account deficit narrowed marginally to USD 1.751 bn in 1QFY18-19, down from USD 1.754 bn during the same period last year, according to a CBE report (pdf). The balance of payments recorded a surplus of USD 248.1 mn, down from USD 5.1 bn in 1QFY17-18, while the trade\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":672420,"position":4},"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":668907,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/current-account-deficit-narrows-to-usd-13-2-bn-in-9m-2024-25\/","url_meta":{"origin":672420,"position":5},"title":"Current account deficit narrows to USD 13.2 bn in 9M 2024-25","author":"enterpriseam admin","date":"23 July 2025","format":false,"excerpt":"The non-oil trade deficit widened to USD 28 bn during the nine-month period","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\/2025\/4\/754.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\/672420","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=672420"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/672420\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/672406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/672421"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=672420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=672420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=672420"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=672420"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=672420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}