According to an official statement, Planning Minister Hala El Said said during Thursday’s Cabinet meeting last Thursday that Egypt’s trade deficit narrowed by 11% Y-o-Y to EGP26.8bn in 9M17-18, from EGP30bn in the same period last year. She added that non-oil exports for the nine-month period rose 12% Y-o-Y to EGP17.5bn, up from EGP15.6bn in the comparable period last fiscal year. Non-oil imports also dropped 3% Y-o-Y to EGP44.4bn.
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