The Central Agency for Public Mobilisation and Statistics issued on Wednesday the monthly bulletin of foreign trade data for April 2022, which recorded a deficit value of trade balance of $1.7bn during April 2022, versus $3.62bn for the same month of the previous year — a decrease of 53%.
Meanwhile the value of exports increased by 54.2%, recording $4.94bn, versus $3.20bn, due to an increase in the value of some commodities, such as petroleum products by 204.3%, crude oil by 14.8%, Ready-made clothes by 34.7%, and fertilisers by 10.3%.
However, the value of some exports also decreased, like fresh fruits by 15.4%, miscellaneous edible preparations by 20.5%, carpets and kelem by 12%, and soap and washing prep by 1.2%.
Furthermore, the value of imports increased by 2.7%, reaching $6.64bn, versus $6.82bn, due to an increase in the value of some commodities, such as petroleum products by 44.6%, wheat by 30%, drugs and pharmaceuticals by 20.3%, and organic and inorganic chemicals by 4.6%.
Meanwhile, the value of some imports also decreased in April 2022, with crude oil decreasing by 499.1%, raw materials of iron or steel by 55.2%, soy beans by 19.6%, and plastics in their primary forms by 2.8%.