ALGERIA, TRADE DEFICIT UP BY 35.7%

According to the Algerian Customs, Algeria’s trade deficit reached 7.632 billion dollars during the first 4 months of 2016 compared to 5,624 billion dollars for the same period of 2015, an increase of 35.7%. The CNIS – Centre National de l’Informatique et des Statistiques showed that exports fell sharply to 7,545 billion dollars in 4 first months of this year compared to 12,243 billion dollars in the same period of 2015, a decrease of 38, 4%. The same source reported that imports recorded a reduction and it stabilized on 15.177 billion dollars compared to 17.867 billion dollars in 2015, a decrease of 15,06%. Hydrocarbons account for most sales Algerian abroad, with a share of 92.8% in the overall volume of and exports amounting to  7,002 billion dollars during the first 4 months of 2016 compared to 11.537 billion dollars in the same period of 2015 (a decrease of 39.31%).

(ITALPRESS/MNA).


Source: medNews