Prices of goods for export, import drop in H1 2019

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ALGIERS- The prices of goods for export and import from Algeria fell by 1.3% in the first half of 2019, compared with the same period in 2018, the National Statistics Office said Sunday.

The decline in the Unit Value Index (UTI) for the export of goods (export price) is mainly driven by a drop of (-1.7%) in the price of hydrocarbons despite an increase (+ 6.5%) in the prices of products exported excluding hydrocarbons (PHH) during the same period.

But this improvement in the prices of PHH exports is insufficient to affect the overall level of export prices, said the same source.

This overall shift in merchandise export prices, dominated by hydrocarbons (93.10% of the overall value of Algerian exports), is mainly due to the decline in international oil prices, pointed out an ONS publication on the IVU of the foreign trade of goods.

PHH exports accounted for 6.90% of the total value of exports during the first half of the current year, recalled the same source.

After significant increases in the export prices of hydrocarbons with + 33.7% and 6.6% of PHH in 2018, export prices are returning to decline.

From January to June 2019, the volume of Algerian exports fell by -8.8%, while the volume of imports stagnated (0.4%), added the same source.

After an increase of 13.6% in the first half of 2018, and 11.9% over the whole year (2018), import prices decreased by -1.3% during the first six months of 2019 .

Several groups in the import structure caused this downward trend, namely oils, fats and waxes of animal or vegetable origin (-12%), chemicals and related products (-9%) and manufactured goods. (-5.6%).

The decline also affected machinery and transport equipment (-3.3%) and manufactured goods with (-0.6%).

On the other hand, import price increases affected the beverage and tobacco groups (+ 25.6%), mineral fuels, lubricants and related products (+ 6.3%), food products (+5, 6%) and finally inedible raw materials, except fuels (+ 0.5%).

Merchandise exports amounted to 2,112.8 billion Algerian dinars (DA) in the first half of 2019, compared to AD 2,358.1 billion in the same period last year, a decline in value of nearly 10%. %.

For imports, they reached 2,634.7 billion DA during the first six months of 2019, against 2,659.2 billion AD during the same period in 2018, thus registering a decline in value of 0.9%, according to the same source.

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