Algeria’s trade deficit amounted to $4.11 billion over the first ten months of 2018, against a deficit of $9.95 billion in the same period of 2017, down by $5.83 billion, or 58.65%, the Algerian Customs told APS.
Between January and late October 2018, exports increased to $34.126 billion against $28.424 billion during the same period 2017, up by $5.7 billion (+20.06%), mainly driven by the recovery of oil prices reaching $71 the barrel against $50 in 2017.
Italy has maintained its position as Algeria’s top client.
The five main client of Algeria are Italy $4.88 billion (14.31% of Algeria’s total exports), followed by Spain with $4.08 billion (12%), France with $3.89 billion (11.4%), the United States with $3.27 billion (9.6%) and Great Britain with $2.37 billion (7%).
Concerning Algeria’s main suppliers, China kept the first spot with $6.41 billion (16.76% of the Algerian total imports), followed by France with $3.86 billion (10.11%), Italy with $3.06 billion (8%), Spain with $2.95 billion (7.7%) and Germany with $2.62 billion (6.85%).
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