Trade deficit down over 83% in Q1 2018

Published on : Sunday, 22 April 2018 13:42   Read : 70 time(s)
Trade deficit down over 83% in Q1 2018

ALGIERS- Algeria’s trade deficit reached USD490 million in the first quarter of 2018 against USD2.98 billion in the same period in 2017, down by 83.6%, the Algerian Customs told APS on Sunday.

Exports increased to USD10.71 billion from January to late March 2018 against USD8.93 billion over the same period in 2017, corresponding to an increase of about 20%, said the Customs’ National Centre for Statistics and Data Processing (CNIS).

Imports slightly dropped to USD11.2 billion against USD11.92 billion in the same period of the previous year, down by nearly 6%.


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


 

The coverage of imports by exports reached 96% in the first three months of 2018 against 75% in the same period of 2017.

Hydrocarbons represented Algeria’s main sales abroad (93.6% of exports) standing at USD10.03 billion against USD8.388 billion from January to March 2017, up by USD1.64 billion (+19.6%).


See also: Trade deficit down over 62% in January


Non-hydrocarbon exports totaled USD686 million over the first three months of 2018 (6.4% of overall exports), even if they increased by nearly 25% compared with the same period of 2017.

Non-hydrocarbon exports consisted of semi-finished products (USD533 million against USD425 million), foodstuffs (USD89 million against USD87 million), raw products (USD39  million against USD19 million), industrial equipment (USD17 million against USD15 million) and non-food consumer products (USD8 million against USD 4 million).

 

 

 

 

 

 

 

 

 

Last modified on Monday, 23 April 2018 09:33
Trade deficit down over 83% in Q1 2018