Egypt’s non-oil exports increased to $7.5 billion in the first quarter (Q1) of 2021, compared to $6.5 billion in Q4-20, according to data by the cabinet’s Information and Decision Support Center.
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The country’s non-oil balance of trade deficit narrowed by 5% quarter-on-quarter (QoQ) during the January-March period and by 2.1% year-on-year (YoY), data showed.
Mineral fuels, oils, and distillation products topped the non-oil exports with a value of $809.9 million in Q1-21 from $883.2 million in Q1-20, while exports of plastics recorded $626.9 million, up by 56.8% from $399.8 million in Q1-20.
