EGYPT’S trade deficit narrowed 16 per cent 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, reports Arab News.
The North African nation also recorded non-petroleum exports of $40.6bn during the same period, an increase of 19pc 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 4.4pc in fiscal year 2024-25, supported by a strong fourth quarter in which gross domestic product growth reached a three-year high of 5pc.
It also reflects the impact of the more flexible exchange rate regime adopted since March 2024, which has helped stabilise 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 maximise high-value exports, open new markets, and benefit from free trade agreements, the trade balance witnessed a remarkable improvement during 2025.”
In October, Egypt’s credit rating was raised by S&P Global to ‘B’ from ‘B-’, while Fitch reaffirmed its ‘B’ rating, citing reform progress and macroeconomic stability.
S&P said at the time that the upgrade reflects reforms implemented over the past 18 months, including the liberalisation of the foreign exchange regime, which boosted competitiveness and supported a rebound in growth.
S&P noted at that time that Egypt’s reforms have strengthened tourism and remittances and improved external and fiscal indicators.
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