Algeria’s trade deficit continues to widenStaff writer ▼ | May 25, 2016
Algeria’s trade deficit continues to widen. In the first four months of this year, it stood at $7.632 billion, up 35.7% from January-April 2015.
Africa Italy, Spain, France, Canada and Turkey
In Jan-Apr, Algeria exported $7.545 billion worth of goods, down 38.4% from a year ago. Imports also dropped, albeit less sharply, by 15.06% to $15.177 billion.
Hydrocarbons (oil, gas and their products) comprise the bulk of Algeria’s exports, at 92.8%. Their exports amounted to slightly over $7 billion, a 39.31% drop over Jan-Apr 2015. Exports of other goods fell 23.1%. With imports, purchases of all the groups of products declined.
The five main destinations for Algerian exports from January to April were Italy, Spain, France, Canada and Turkey. The main suppliers of Algeria in the same period were China, France, Italy, Spain and Germany. ■