Foreign trade: Deficit of $792 million in January 2020

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ALGIERS – Algeria’s trade balance posted a deficit of 791.74 million dollars in January 2020, against $USD 862.05 million in the same month in 2019, down 8.16%, the General Directorate of Customs (DGD) told APS.

Algerian exports reached 2.305 billion dollars (bn usd) in January, against 3.070 bn usd the same month in 2019, registering a drop of 24.91%, specified the provisional statistics of the direction of studies and the prospective of Customs (DEPD).

Imports, for their part, totaled 3,097 bn usd, against 3,932 bn usd, down 21.24%. Exports thus covered imports by 74.44%, compared to 78.08% during the same comparison period.

Hydrocarbons represented the main part of Algerian exports last January, covering 92.53% of the total volume of exports, thus establishing itself at 2.13 bn usd, against 2.85 bn usd, registering a decrease of 25, 16%.

For non-hydrocarbon exports, still remain marginal, with 172.33 million usd, which represents 7.47% of the total volume of exports, against 220.37 million usd, down 21.80%, during the same period for comparison. This decline affected all groups of the main non-hydrocarbon products.

Exports excluding hydrocarbons were made up of semi-finished products, with 137.27 million usd against 154.21 million usd, down (10.98%), of food goods with 26.34 million usd against 32.04 million us ( -17.78%) and industrial capital goods with 4.38 million usd against 20.29 million usd (-78.41%).

They also consisted of gross products with 2.99 million usd, against 11.57 million (-74.13%) and non-food consumer goods with 1.34 million usd, against 2.11 million usd (-36, 42%).

In terms of imports, five of the seven product groups in the Algerian import structure experienced declines last January and compared to the same month last year.

Indeed, industrial capital goods, which represented almost 30.2% of the structure of imports, totaled 933.92 million USD against 1.43 billion USD in the same period of comparison, down 34, 85%.

The import invoice of the semi-finished product group fell by 26.28%, totaling 684.28 million usd against 928.16 million usd.

The same trend was recorded for foodstuffs which reached USD 625.84 million against USD 737.66 million (-15.16%), consumer goods (non-food) with USD 476.87 million against 525, 95 million usd (-9.33%) and agricultural capital goods with 19.40 million usd against 46.94 million usd (-58.67%).

In contrast, two product groups in the import structure experienced increases. These are imports of gross products which totaled 194.83 million usd, against 174.65 million usd (+ 11.56%) and the group energy and lubricants (fuels) with 162.27 million usd against 85.97 md usd (+ 88.75%).

In 2019, Algeria’s trade balance experienced a deficit of US $ 6.11 billion against US $ 4.53 billion in 2018, according to customs data.

APS

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