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بوابة الشروق
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Experts cite weak exports and shipping costs as main trade deficit causes
The article traces the reasons behind the increase in Egypt's trade deficit during the first half of 2026, which rose by 42.1% to reach $32.4 billion, despite a 7.1% increase in exports to $28 billion. Experts attributed the widening deficit to higher shipping and insurance costs resulting from regional conditions, as well as increased imports to restore production activity. They pointed out that the main cause of the problem is the weak growth of exports and failure to meet targets. They emphasized that the solution lies in domesticizing industry, increasing self-sufficiency, and opening new markets, with an expectation that the rate of deficit growth will slow down as exports increase between 10% and 15% in the coming period. Despite these increases, the deficit remains high and is strongly linked to rising imports, especially in the energy sector and intermediate goods. Strengthening exports and achieving set targets are key strategies to reduce the deficit and improve the trade balance.
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