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June 2026 trade deficit rises 58.5%
June 2026 witnessed a significant increase in the trade deficit, which rose by 58.5% to reach $7.5 billion compared to $4.7 billion in the same month last year, according to data from the Central Agency for Public Mobilization and Statistics. Exports increased by 37.4% to $5 billion, driven by higher exports of certain goods, especially petroleum products, which surged by 128%, and ready-made clothing, which grew by 47.7%. At the same time, imports increased by 49.4% to $12.4 billion, fueled by higher imports of iron materials and crude oil, while imports of some other goods, such as petroleum products and wheat, declined.
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