Egypt's June trade deficit rises 58.5%
The Central Agency for Public Mobilization and Statistics reported that Egypt's trade deficit increased by 58.5% in June 2026, reaching $7.5 billion compared to $4.7 billion in the same month of the previous year. The value of exports rose by 37.4% to $5 billion, supported by a 128% increase in petroleum product exports and a 47.7% rise in ready-made clothing. Meanwhile, imports grew by 49.4% to $12.4 billion, driven by higher imports of raw materials such as iron, crude oil, and cars, although imports of certain goods like wheat and raw sugar declined. The surge in imports contributed to the widening of the trade deficit gap, which reached $7.5 billion in June, up from $3.99 billion in May, as the deficit in May had slightly decreased.
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