Tuesday 14/April/2026 – 04:20 PM
The balance of payments report issued by the Central Bank of Egypt revealed that the petroleum trade balance deficit increased by about $2.3 billion to reach about $8.2 billion during the first half of the fiscal year 2025/2026, compared to about $6.7 billion, as a primary result of the increase in petroleum imports, as follows:
Petroleum imports recorded $11.6 billion within 6 months
Petroleum imports increased by about $1.9 billion to reach about $11.6 billion, compared to about $9.7 billion, due to an increase in imports of natural gas by about $2.1 billion and crude oil by $305.8 million and an increase in the imported quantities of each, while imports of petroleum products decreased by $522.4 million due to a decrease in imported quantities.
The report indicated a decrease in petroleum exports by $352.3 million to be limited to about $2.6 billion, compared to about $3.0 billion, due to a decrease in exports of both crude oil by $343.1 million and petroleum products by $169.7 million due to a decrease in the quantities exported for each, while exports of natural gas increased by $160.5 million due to the increase in the quantities exported.
