Algeria’s Trade Deficit Reaches USD1.84 Bn in First 4 Months of 2019Source: www.export-egypt.com 6/1/2019, Location: Africa |
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Algeria’s trade deficit reached USD1.84 billion in the first four months of 2019, against USD1.83 billion in the same period in 2018, said the Algerian Customs.
Algerian exports amounted to USD13.33 billion in the first four months of 2019 against USD13.53 billion during the same period in 2018, down by -1.5%, said the provisional statistics of the Customs’ department of studies and prospective (DEPD). Imports were at USD15.17 billion against USD15.37 billion, a slight drop of 1.30%. The coverage of imports by exports reached 88% in the first four months of 2019, i.e. the same covarge rate which was recorded in the same period a year earlier. Hydrocarbons account for much of the Algerian sales abroad from January to April 2019 (93.59% of the total amount of exports), standing at USD12.47 billion against USD12.55 billion during the same period in 2018 (-0.71%). Still trivial, non-hydrocarbon exports reached USD861.87 million from January to April 2019, representing 6.46% of the overall volume of exports, against USD975.01 million in the same period in 2018, down by 11.60, said the source. |
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