Exports up by 6.8% in October 2018

The deficit of trade balance reached $4.56bn during October 2018, versus $3.50bn for the same month of the previous year, an increase of 30.2%.

According to the Central Agency for Public Mobilisation and Statistics, the export value increase by 6.8% as it reached $2.42bn during October 2018, versus $2.27bn for the same month of the previous year, due to an increase in the value of some commodities such as crude oil by 5.8 %, fertilisers by 4.5%, and plastics in primary forms by 21.4 %.

The export value of some commodities decreased during October 2018, versus the same month of previous year, including items such as garments by 1.4%, fresh fruits by 23.1%, furniture by 0.5%, soap and detergents by 23.8%.

The import value increased by 21% scoring $6.98bn during October 2018, versus $5.77bn in the same month of the previous year, due to an increased value of some commodities such as raw materials of iron or steel by 1.7%, cars by 104.4%, and wheat by 16.1%.

The import of some commodities decreased in October 2018, versus the same month of the previous year such as corn by 3.4%, meat by 20.5%, petroleum products by 70.4%, and pumps by 35.7%.