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24/04/2017 10:31

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Saturday, 22 April 2017 14:55

Algeria's trade deficit down 50% in Q1 2017

ALGIERS- Algeria's trade deficit hit US$2.74 billion over the first quarter of 2017, against US$5.54 billion during the same period a year earlier, down by over 50%, said the Algerian Customs' National Centre of Data Processing and Statistics (CNIS).

Exports increased to US$8.944 billion in Q1 2017, against US$6.32 billion during the same period in 2016, up by 41.52%, while imports dropped to US$11.68 billion in January-March 2017, against US$11.86 billion during the same period of reference, down by 1.5%.

Following the increase in oil prices, varying between US$50 and US$57 in the first quarter of 2017, hydrocarbon exports (representing 94.73% of the overall export value) totalled US$8.47 billion, against US$5.91 billion during the same period in 2016, up by 43.42%, according to figures provided by CNIS.

Non-hydrocarbon exports, which represented 5.3% of the overall export value, hit US$471 million, against US$412 million, up by 14.32%, during the same period of reference.

The non-hydrocarbon exports were made up of semi-finished products, which totalled US$349 million in January-March 2017, foodstuffs (US$87 millions) and raw materials (US$19 million).

In imports, a 14.2% increase was recorded in food bill (US$2.26 billion, against US$1.98 billion) and +7.23% in capital goods (US$4.44 billion, against US$4.14 billion), while a 10.32% drop was recorded in industrial capital goods (US$3.33 billion against US$3.71 billion), and -18.6% in non-food consumer goods (US$1.64 billion, against US$2.02 billion).

In January-March 2017, Algeria's large trading customers were Italy with US$1.74 billion (19.45% of Algeria's overall export value), followed by Spain (US$913 million, 10.21%), the United States (US$903 million, 10.1%), France (US$897 million, 10.03%), and the Netherlands (US$495 million, 5.53%).       Algeria's main suppliers were China with US$2.47 billion (21.2% of Algeria's overall import value), followed by France (US$971 million, 8.3%), Italy (US$796 million, 6.8%), Germany (US$781 million, 6.7%) and Spain (US$709 million, 6.1%).

Published in ECONOMY

ALGIERS- Algeria's trade deficit hit US$1.69 billion over the first two months of 2017, against US$3.72 billion during the same period in 2016, down by nearly 55%, the Algerian Customs' National Centre of Data Processing and Statistics (CNIS) told APS Monday.

Exports went up to US$6.05 billion between January and late February 2017, against US$3.99 billion during the same period a year earlier, up by 51.67% (+US$2.06 billion), while imports stood at US$7.75 billion against US$7.71 billion during the same period of reference, slightly up by 0.51%, according to the figures provided by the CNIS.

Following the increase in oil prices, which often exceeded US$54 in January-February 2017, hydrocarbon exports (representing 92.4% of the overall export value) totalled US$5.6 billion against US$3.76 billion during the same period of reference, up by 48.87% (+US$1.84 billion).

The non-hydrocarbon exports, which remain low with only 7.6% of the overall export value, hit US$460 million, against US$234 million, up by 96.6%, said the CNIS.

The non-hydrocarbon exports were made up mainly of semi-finished products, which totalled US$395 million in January-February 2017, against US$174 million during the same period a year earlier, foodstuffs (US$42 million, against US$43 million), raw materials (US$13 million, against US$8 million), industrial capital goods (US$8 million, against US$6 million) and non-food consumer goods (US$2 million, against US$3 million), said the CNIS.

In Imports, a slight increase was showed in food product bill, which totalled US$1.51 billion, against US$1.24 billion during the same period of reference, industrial capital goods (US$3 billion, against US$2.67 billion), agricultural capital goods (US$106 million, against US$79 million) and raw materials (US$299 million, against US$280 million), while energy and lubricants went down to US$151 million, against US$225 million), as well as semi-finished products (US$1.61 billion, against US$1.92 billion) and non-food consumer goods (US$1.06 billion, US$1.29 billion).

In January-February 2017, Algeria's large trading customers were Italy with US$1.07 billion (17.73% of Algeria's overall exports value), followed by Spain (US$917 million, 15.14%), France (US$765 million, 12.63%), the United States (US$462 million, 7.63%), Turkey (US$433 million, 7.15%).

Algeria's main suppliers were China with US$1.56 billion (20.21% of Algeria's overall import value), followed by France (US$633 million, 8.17%), Italy (US$533 million, 6.9%), Germany (US$519 million, 6.7%) and Spain (US$454 million, 5.8%).

Published in ECONOMY

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).

Published in ECONOMY

ALGIERS-Algeria a posted a trade deficit of USD17.2 billion over the first eleven months of 2016 against a deficit of USD15.39 billion in the same period of 2015, up by 11.76%, Customs told APS Tuesday. 

Exports fell to $20.04 billion against USD 25.58 billion over the same period of 2016 against USD32.05 billion over the period of 2015, down by nearly USD6.9 billion (-20.22%), said the National Centre of Data Processing and Statistics of the Customs (CNIS).

As for imports, they also decreased but at a slower pace compared to the exports, totalling USD42.78 billion against USD47.45 billion over the same period last year, a decline of nearly USD4.67 billion (- 9.85%).

Published in ECONOMY

ALGIERS-Algeria's trade deficit hit USD 15.8 billion in the first ten months of 2016 against a USD 13.7 billion in the same period of 2015, up by 14.75%, Customs told APS Sunday.   

Exports dropped to USD 22.74 billion in the first ten months of 2016 against USD 29.7 billion in the same period of 2015, down by nearly USD 7 billion (-23.44 %), said the data provided by the Algerian Customs' National Centre of Data Processing and Statistics (CNIS) told APS Wednesday.

As regards imports, they decreased but at a slower pace compared with exports to USD 38.54 billion against USD 43.46 billion during the same period of the previous year, down by nearly USD 4.96 billion (-11.34%).

Hydrocarbon exports, which represented 93.75% of the whole amount of exports, decreased to USD 21.32 billion against USD 28.08 billion, down by USD 6.76 billion (-24.07%).

Even non-hydrocarbon exports declined by USD 1.4 billion against 1.6 billion (-12.5%).     

As for imports, all products categories witnessed a decreased between early January and late October.  

 

Published in ECONOMY

ALGIERS – Algeria posted a trade deficit of $15.04 billion in the first nine months of 2016, against a deficit of $12.53 billion in the same period of 2015, making a deficit of $2.51 billion (-20.03%) between the two periods, Customs told APS on Monday.

Exports fell to $20.04 billion against $26.93 billion over the same period of 2015, a decline of nearly $6.9 billion (-25.57%), said the National Centre of Data Processing and Statistics of the Customs (CNIS).

As for imports, they also decreased but at a slower pace compared to the exports, totaling $35.08 billion against $39.46 billion, a decline of nearly $4.4 billion (- 11.1%).

The hydrocarbon exports, which make up 93.73% of total exports, stood at $18.789 billion against $25.489 billion in the same period of 2015, down by $6.7bn (-26.3%).

Regarding the non-hydrocarbon exports, they are still low (6.27% of total export volume) and also declined to $1.25 billion against $1.44 billion (-13.31%) between the two comparison periods.

In terms of imports, all product groups declined between early January and late September of this year.

 

        =Italy, China maintain their position of top partners=

The five largest customers of Algeria, during the first nine months 2016 are Italy with $3.8 billion (19.07% of Algeria's total exports during this period), followed by Spain with $2.71 billion  (13.5%), France with $2.24 billion  (11.21%), the United States with $1.6 billion (8.22%) and Canada with $1.06 billion (5.31%).

 As for the main suppliers of Algeria, China remained on top with $6.19 billion (17.64% of Algeria's total imports from January to September), followed by France with $3.66 billion $ (10.45 %), Italy with $3.66 billion (10.44%), Spain with $2.72 billion (7.76%) and Germany with $2.15 billion (6.13%).

Published in ECONOMY

ALGIERS- Algeria's trade balance deficit hit US$13.997 billion in the first eight months of 2016, against US$11.06 billion during the same period in 2015, down by 26.5%, the Algerian Customs' National Centre of Data Processing and Statistics (CNIS) told APS Wednesday.

Exports dropped to US$17.56 billion between early January and late August 2016, against US$24.71 billion during the same period a year earlier, down by US$7.15 billion (-29%), while imports declined to US$31.56 billion, against US$35.78 billion during the same period of reference, down by US$4.22 billion (-11.8%), according to the figures provided by the CNIS.

Hydrocarbon exports continue to represent the bulk of Algeria's sales abroad with 93.73% of its overall export value, totalling US$16.46 billion during the first eight months of 2016, against US$23.4 billion during the same period in 2015, down by nearly US$7 billion (-29.63%), said the CNIS.

The non-hydrocarbon exports, which remain low with only 6.3% of the overall export value, decreased to US$1.1 billion, against US$1.32 billion, down by 16.4%, compared to the first eight months of 2015.

The non-hydrocarbon exports are made up mainly of semi-finished products (US$836 million, against US$1.04 billion between early January and late August 2018), foodstuffs (US$172 million, against US$186 million), raw materials (US$52 million, against US$69 million), industrial capital goods (US$30 million, against US$14 million) and non-food consumer goods (US$11 million, against US$7 million), said the CNIS.

In imports, the same downward trend was recorded during the first eight months of 2016, especially in food products, which dropped to US$5.42 billion, against US$6.41 billion, industrial capital goods (US$10.53 billion, against US$11.88 billion), semi-finished products (US$7.8 billion, against US$8.21 billion), raw materials (US$1.05 billion, against US$1.09 billion) and non-food consumer goods (US$5.58 billion, against US$5.97 billion), said the CNIS.

During the first eight months of 2016, Algeria's large trading customers were Italy with US$3.5 billion (nearly 20% of Algeria's overall export value during that period), followed by Spain (US$2.38 billion, 13.6%), France (US$2.06 billion, 11.74%), the United States (US$1.3 billion, 7.4%) and Canada (US$996 million, 5.67%).

Algeria's main suppliers were China with US$5.44 billion (17.25% of Algeria's overall import value during the first eight months of 2016), followed by France (US$3.38 billion, 10.73%), Italy (US$3.4 billion, 10.77%), Spain (US$2.48 billion, 7.87%) and Germany (US$1.9 billion, 6.03%).

Published in ECONOMY

ALGIERS- Algeria’s trade deficit reached USD11.93 billion during the first seven months of 2016, against a USD9.43 billion deficit in the same period of 2015, up by 26.5%, the Algerian Customs told APS.

Exports sharply declined to USD15.14 billion during the first seven months of 2016 against USD22.1 billion over the same period of 2015 (-31.48%), down by nearly USD7 billion according to figures provided by the  Algerian Customs’ National Centre of Data Processing and Statistics (CNIS).              

Imports also decreased, but at a slower pace compared to exports, totaling USD27.07 billion against USD31.53 billion (-14.14%), a drop of USD4.46 billion, said the source.

The coverage rate of imports by exports reached 56% against 70% between the two periods of reference.

Hydrocarbons continue to represent the bulk of Algeria’s sales abroad with 93.73% of the overall exports value with an amount of USD17.19 billion during the seven first months against USD20.9 billion in the same period of the previous year (-32.09%), a USD6.71% drop.

Non-hydrocarbon exports, which represent 6.27% of the overall amount of exports decreased to USD949 billion, a 20.72% drop compared to the first seven months of 2015.

The non-hydrocarbon exports are made up of semi-finished products with USD710 million (against USD955 million), foodstuffs with USD159 million (against USD166 million), raw materials with USD45 million (against USD59 million), industrial capital goods with USD25 (against USD10 million) and non-food consumer goods with USD10 million (against USD7 million).

As for imports, all product groups noted a drop between the beginning of January and July 2016.

Published in ECONOMY

ALGIERS- Algeria's trade balance deficit hit US$10.83 billion in the first half of 2016, against US$8.51 billion during the same period in 2015, up by 27.2%, said the Algerian Customs' National Centre of Data Processing and Statistics (CNIS).

Exports sharply declined to US$12.68 billion during the first six months of 2016, against US$18.93 billion during the same period a year earlier, down by 33.02%, while imports dropped to US$23.51 billion, against US$27.445 billion, down by 14.34 during the same period of reference, according to figures provided by the CNIS.

Hydrocarbons continue to represent the bulk of Algeria's sales abroad with 93.55% of its overall export value, totalling US$11.86 billion during the first half of 2016, against US$17.868 billion during the same period in 2015, down by 33.62%, said the CNIS.

Non-hydrocarbon exports, which represented 6.45% of the overall export value, decreased to US$ 818 million, down by 22.83% compared to the first six months of 2015.

The non-hydrocarbon exports are made up mainly of semi-finished products (US$624 million, against US$846 million), foodstuffs (US$129 million, against US$150 million), raw materials (US$34 million, against US$50 million), industrial capital goods (US$22 million, against US$8 million) and non-food consumer goods (US$9 million, against US$6 million), said the CNIS.

In imports, the same downward trend was recorded during the first half of 2016, especially in food products, which dropped to US$4.041 billion (-21.09%), capital goods (US$8.031 bln, -15.28%) and non-food consumer goods (US$4.107 bln, -9.70%).

 Algeria's large trading customers during the first half of 2016 were Italy with US$2.550 bln (20.11% of Algeria's overall export value during that period), followed by Spain (US$1.784 bln, 14.07%), France (US$1.422 bln, 11.22%), the United States (US$931 million, 7.34%) and Canada (US$784 million, 6.18%).

Algeria's main suppliers were China with US$4.167 (17.73% of Algeria's overall import value during the first half of 2016), followed by France (US$2.684 bln, 11.42%), Italy (US$2.405 bln, 10.23%), Spain (US$1.861 bln, 7.92%) and Germany (US$1.334 bln, 5.67%).

 

Published in ECONOMY

ALGIERS – Algeria's trade balance has recorded a deficit of US$9.8 billion in the first five months of 2016, against US$7.23 billion during the same period in 2015, up by 35.5%, said the Algerian Customs' National Centre of Data Processing and Statistics (CNIS).

Exports have sharply dropped to US$9.82 billion between January and May 2016, against US$15.39 billion over the same period in 2015, down by 36.2%, while imports declined to US$19.62 billion, against US$22.62 billion, down by 13.26%, according to the figures provided by the CNIS.

Hydrocarbons continue to represent the bulk of Algeria's sales abroad with 92.96% of its overall export value, totalling US$9.13 billion during the first five months, against US$14.5 billion during the same period a year earlier, said the source.

Non-hydrocarbon exports, which represented 7% of the overall export value, decreased to US$691 million, down by 23.14% compared to the first five months of 2015.

The non-hydrocarbon exports are made up mainly of semi-finished products (US$519 million, against US$712 million between January and May 2015), foodstuffs (US$115 million, against US$136 million), raw materials (US$31 Million, against US$39 million), industrial capital goods (US$19 million, against US$7 million) and non-food consumer goods (US$7 million, against US$5 million), said the CNIS.

In imports, the same downward trend was recorded during the first five months of 2016, especially in food products, which went down by 21.7%, capital goods (-15.36%) and non-food consumer goods (-9.1%).

Algeria's large trading customers between January and May 2016 were Italy with US$2.096 billion (21.34% of Algeria's overall export value during that period), followed by Spain (US$1.416 billion, 14.42%), France (US$1.192 billion, 12.14%), Canada (US$607 million, 6.18%) and the United States (US$537 million, 5.47%).

Algeria's main suppliers were China with US$3.528 billion (17.98% of Algeria's overall import value during the first five months of 2016, followed by France (US$2.27 billion, 11.57%), Italy (US$2.016 billion, 10.27%), Spain (US$1.526 billion, 7.78%) and Germany (US$1.1 billion, 5.6%).

Published in ECONOMY

ALGIERS – Algeria’s trade deficit hit $7.632 billion dollars (billion dollars) during the first four months of 2016, against a deficit of $5.624 billion in the same period of 2015, an increase of 35.7 %, the Algerian customs told APS Sunday.

Exports have fallen sharply to $7.545 billion during the first four months of 2016 against $12.243 billion $ in the same period of 2015, down 38.4%, according to data from the National Centre of Data Processing and Statistics of the Customs (CNIS).

Imports have also decreased but at a slower pace, standing at $15.177 billion against 17.867 billion dollars, down 15.06%, the source said.

Hydrocarbons continue to represent the bulk of Algeria's sales abroad for a share of 92.8% of the total export volume, with a total of 7.002 billion dollars during the first four months 2016, against 11.537 billion dollars in the same period of 2015 (down 39.31%).

 

The non-oil exports, which accounted for 7.2% of total exports, declined to 543 million USD, down 23.1% compared to the first four months of 2015.

        =Italy, China still leading partners=

The five largest customers of Algeria, in the first four months of 2016 are Italy with $1.688bn (22.37%) of Algeria's total exports during this period, followed by Spain with $962 million (12.75%), France with $907 million (12.02%), Canada with $490 million (6.49%) and Turkey with $373 million (4.94%).

Regarding the main suppliers of Algeria, China again came first with $2.69 billion (17.72% of Algeria's total imports between January and April), followed by France with $1.788bn (11.78%), Italy with $1.5 bn (9.89%), Spain with $1.14bn (7.51%) and Germany with $879 million $ (5.79%).

Published in ECONOMY

ALGIERS- Algeria's trade deficit has widened sharply to US$3.326 billion in the first two months of 2016, against US$ .273 billion during the same period in 2015, up by 161.27% in one year, said Monday the Algerian Customs' National Centre of Data Processing and Statistics (CNIS).

The trade gap increased to US$1.4 billion in February and to US$1.9 billion in January, said the CNIS.

Exports significantly decreased toUS$4.19 billion during the first two months of 2016 against US$6.93 billion during the same period a year earlier, down by 39.56%, according to the provisional figures provided by the CNIS.

Algeria's imports declined to US$7.51 billion against US$8.2 billion a year earlier, down by 8.41%, said the source.

Hydrocarbons continue to represent the bulk of Algeria's sales abroad with 94.16 percent of its overall exports value, totalling US$3.94 billion in January-February 2016 against US$6.46 billion in January-February 2015, down by 38.9%, following the sharp drop in oil prices.

Non-hydrocarbon exports, which represented only 5.84 percent of the overall exports value, decreased to US$245 million, down by 48.53%, compared to the first two months of 2015.

Non-hydrocarbon exports are made up mainly of semi-finished products (US$187 million, against US$402 million), foodstuffs (US$42 million, against US$53 million), raw materials (US$8 million, against US$18 million), industrial capital goods (US$5 million, against US$1 million) and non-food consumer goods (US$3 million, against US$2 million).

 

Published in ECONOMY

ALGIERS- Algeria's trade deficit stood at $1.875 billion during January 2016, against a deficit of $1.857 billion during the same month 2015, up by 0.97%, the Algerian Customs told APS.

The exports have sharply decreased to reach $1.931 billion last January, against $2.576 billion in January 2015, down 25.04%, said the Customs' National Center of Data Processing and Statistics (CNIS).

The imports have also decreased, totalling $3.806 billion against $4.433 billion in comparison with last year, down 14.4%, the same source added.

The rate of coverage of imports by exports has been of 51% in January 2016 against 58% in January 2015, down 7 points.

The hydrocarbons represented the bulk of the Algerian sales abroad making up 94.92% of the overall volume of exports, i.e. $1.833 billion in January 2016 against $2.403 billion in January 2015.

The hydrocarbon export revenues dropped by 23.72% during this period, due to the fall in oil prices.

Moreover, the non-hydrocarbon exports, which make up only 5.08% of the overall volume of exports dropped to $98 million against $173 million in January 2015, down 43%.

The non-hydrocarbon exports are composed of semi-finished products ($73 million in January 2016 against $144 million in January 2015), foodstuffs ($17 million against $21 million, raw products ($4 million against $6 million), industrial equipment ($3 million against $1 million) and non-food consumer goods ($ 1 million, the same amount in January 2015).

In the meanwhile, the decrease of imports is general, notably for the group "food": capital goods purchases fell to $1.376bn in January against $1.55 bn in January 2015 (-11.17%), goods for production facilities to $1.199 bn against $1.259 bn (-4.77%), food goods to $629 million against 937 million (-32.87%) and non-food consumer goods to $602 million against $688 million (-12. 5%).

Published in ECONOMY

ALGIERS- Algeria’s trade balance recorded a deficit of $13.71 billion in 2015, against a surplus of  $4.306 billion in 2014, Finance Ministry told APS.

The exports decreased to $37.787 billion in 2015 against $62.886 billion in 2014, falling by 40%.

As for the imports, they have also declined but at slower pace to stand at $51.501billion in 2015 against $58.58 billion in 2014, down 12%.

 The percentage coverage of imports by exports fell to 73.37% in 2015 against 107.35% in 2014.

Concerning the hydrocarbon exports, they declined down to $35.724 billion in 2015 against $60.304 billion (-40.76%).

The minus-hydrocarbon exports have also fallen to $2.063 billion in 2015 against $2.582 billion in 2014 (-20.1%).    

The imports of food products dropped to $9.314 billion in 2015 (against $11 billion in 2014), while the imports of non-food consumer goods fell to $8.597 billion (against $10.334 billion in 2014).

The imports of intermediary goods hit $15.88 billion in 2015 (against $17.62 billion in 2014) while that of capital goods totaled $17.7 billion (against $19.62 billion).

Published in ECONOMY