RIYADH: Egypt’s trade deficit narrowed 16 percent to $26.3 billion in the first 10 months of 2025, helped by strong non-oil export growth and an improving external position, new figures showed.
The North African nation also recorded non-petroleum exports of $40.6 billion during the same period, an increase of 19 percent compared with a year earlier, strengthening the competitiveness of the Egyptian economy globally, according to a statement.
This comes as Egypt’s Ministry of Planning, Economic Development and International Cooperation reported in September that the economy expanded 4.4 percent in fiscal year 2024/25, supported by a strong fourth quarter in which gross domestic product growth reached a three-year high of 5 percent.
It also reflects the impact of the more flexible exchange rate regime adopted since March 2024, which has helped stabilize the balance of payments and restore investor confidence.
In a statement posted on its official Facebook page, the Egyptian Cabinet Presidency stated: “Thanks to the open trade policies adopted by the state to maximize high-value exports, open new markets, and benefit from free trade agreements, the trade balance witnessed a remarkable improvement during 2025.”
