Egypt’s trade balance deficit decreased by 1 percent during the first quarter of 2021, according to Minister of Planning and Economic Development, Hala El-Saeed.
In a statement issued by the Cabinet Wednesday, the minister explained that the trade balance deficit during the period from January to March 2021 amounted to about $9.6 billion, compared to $9.7 billion in the corresponding period in 2020.
El-Saeed indicated that the total value of non-oil merchandise exports increased during the same period by about $7.4 billion, compared to $7 billion in the same period in 2020, marking an increase of 6 percent.
She added that the remittances of expatriates also continued in the upward trend, recording $15.5 billion, during the first half of this year, achieving an increase of about 10 percent, compared to the period from January to July 2020.
