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مصراوي
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Egypt's Approaches to Closing $65B Trade Gap
Data issued by the Central Bank of Egypt reveals that Egypt's trade deficit increased to approximately $64.8 billion during the fiscal year 2025/2026, representing a 27.1% rise compared to the previous year. The non-oil deficit alone reached $46.6 billion, up by 25.4%. The significant gap between imports and exports, especially of non-oil goods, which increased by about $12.1 billion compared to a mere $2.7 billion rise in non-oil exports, highlights this discrepancy. Additionally, petroleum imports rose to $24.9 billion, driven by increases in gas and crude oil imports, leading to a 31.5% increase in the petroleum sector's deficit. These figures indicate that merely improving the balance of payments is insufficient to address this growing deficit. It necessitates strengthening the competitiveness of local industries, boosting exports, and achieving more effective domestic production—especially in the energy and manufacturing sectors—to reduce reliance on imports and ensure sustainable growth.
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