Trade deficit down by 96% in January, February 2018

Published on : Tuesday, 20 March 2018 13:24   Read : 323 time(s)
Trade deficit down by 96% in January, February 2018

ALGIERS- Algeria’s trade deficit reached USD97million in the first two months of 2018 against USD2.33 billion in the same period in 2017, down by USD2.23 billion (96%), said Tuesday the Algerian Customs.

Exports increased to USD7.101 billion from January to February of 2018 against USD5.67 billion, down by 25.24% corresponding to an increase of USD1.431 billion between the two periods of reference, said the Customs’ National Centre for Statistics and Data Processing (CNIS).

Imports however declined to USD7.198 billion from January to February 2018 against USD8.002 billion in the same period in 2017, down by USD804 million (-10.05%).


See also: Trade deficit down over 62% in January


Coverage of imports by exports reached 99% in the first two months of 2018 against 71% in the same period last year. 

Hydrocarbons account for much of Algerian sales abroad (94.2% of exports), standing at USD6.689 billion against USD5.42 billion in the same period in 2017, up by USD1.27 billion (+23.41%).

Still trivial, non-hydrocarbon exports stood at USD412 million in the first two months (5.8% of the overall volume of exports), up by nearly 65% compared with the same period in 2017.


 See also: Foreign trade: 2017 closes with $11 billion deficit


Non-hydrocarbon exports consisted of semi-finished products with USD333 million against USD192 million, of foodstuffs with USD55 million against USD41 million, industrial equipment (USD11 million against USD6 million), gross products (USD9 million against USD8 million) and non-food consumer products (USD4 million against USD3 million).
Last modified on Wednesday, 21 March 2018 19:37
Trade deficit down by 96% in January, February 2018