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Algeria Press Service

Current exchange rate Algerian Dinar|23/04/2017

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24/04/2017 10:31

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You are here:HOME»ECONOMY»Algeria’s trade deficit down by 68% in January 2017
Monday, 20 February 2017 13:52

Algeria’s trade deficit down by 68% in January 2017

ALGIERS- Algeria’s trade deficit reached USD585 million in January 2017 against a deficit of USD1.82 billion in January 2016, down by 68% between the two periods of comparison, said Monday the Algerian Customs.

The exports increased to USD3.3 billion in January 2017 against USD2.05 billion in January 2016, up by 60.74% corresponding to a rise of USD1.25 billion, said the Algerian Customs’ National Centre of Data Processing and Statistics (CNIS).

The imports have stabilized, reaching USD3.89 billion in January 2017 against USD3.88 billion in the same month a year earlier, up by 0.31%.

The exports covered imports by over 85% in January 2017 against 53% in January 2016, according to the source.

Thanks to the recovery in oil prices which exceeded 55 dollars in January, hydrocarbon exports, representing 94.11% of total exports, reached USD3.11 billion against USD1.97 billion during the same period in 2016, up by USD1.14 billion (+58%).

The non-hydrocarbon exports (5.89% of the total amount of exports) increased to USD195 million against USD88 million (+121.6%).

The non-hydrocarbon are made up of semi-finished products with USD167 million (against USD64 million), foodstuffs (USD22 million, against USD17 million), raw materials (USD2 million, against USD4 million), industrial capital goods (USD3 million, against USD2 million) and non-food consumer goods (USD1 million, against USD1 million).

In imports, out of the seven (07) groups of imported products, two (02) recorded a drop in January, namely non-food consumer goods and semi-finished products.

The imports of food products rose to USD736 million (against USD629 million), industrial capital goods to USD1.51 billion (against USD1.35 billion), agricultural capital goods to USD50 million (against USD39 million), raw material (USD150 million, against USD144 million).

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