Trade deficit down 58.65% in Jan-Oct 2018

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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 of 2017, up by $5.7 billion (+20.06%), mainly driven by the recovery of oil prices reaching $71 the barrel against $50 in 2017.

The Algerian imports have slightly dropped by -0.35% from $38.240 billion against $38.374 billion during the period of 2017, said the Customs’ National Centre of Transmissions and Information System (Cntsid).

The exports coverage of imports was 89% against 74% during the same period of last year.

Hydrocarbons still represent the bulk of Algeria’s sales abroad (93.17% of the total  value of exports) , amounting to $31.795 billion against $26.896 billion, up $4.9 billion (+18.21%).

The minus-hydrocarbon exports remain marginal, making up 6.83% of the total value of exports, i.e. $2.33 billion even if they increased by 52.55% compared to the same period of reference in 2017.

The non-hydrocarbon exports were composed of semi-finished products with US$ 1.846 billion compared to US$ 1.083 billion (+70.45%), food products worth US $ 301 million, compared to US $303 million (-0.66%), gross products with $81 million vs. $59 million (+37.3%), industrial capital goods with $75 million vs. $66 million (+13.64%), non-food consumer goods with $28 million vs. $17 million (+ 64.71%) and agricultural capital goods with $0.29 million against $0.16 million (+ 81%).

APS

 

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