Foreign trade: A surplus of USD 23 billion for the first ten months of 2012 (Customs Office)

December 14th, 2012

Algeria’s foreign trade has shown a surplus of $23.322 billion for the first ten months of 2012 against $18.43 billion for the same period of 2011, up by 26 percent, according to the Algerian Customs Office.

Algerian exports reached $61.64 billion, up by 5.77 percent from $58.28 billion for the same period of the past year, reported the APS referring to the National Centre of Customs Informatics and Statistics (NCCIS).

Imports reached a level of $38.41 billion, down by 3.60 percent from $39.85 billion for the same period of 2011, according to NCCIS preliminary data.

The improvement of foreign trade balance was due essentially to a nearly 6-percent increase in oil and gas exports as a result of high crude oil prices for that period of the year.

Oil and gas account for 97.1 percent of Algeria’s total exports or $59.85 billion for the first ten months of 2012 against $56.51 billion for the same period of 2011.

Non oil and gas exports amounted to $1.79 billion which is 2.9 percent from total exports.

According to customs statistics, the main non oil and gas exports included semi finished products ($1.38 billion, up by 4.78 percent), foods ($229 million, down by 18.51 percent), and raw materials ($141 million, up by 7.36 percent), while exports of industrial equipment goods regressed by 7.14 percent to $26 million.

The NCCIS indicated that imports fell by 3.60 percent, adding that four out of seven import product groups have shown a decrease which was most significant for industrial goods (-21.24 percent for a value of $10.92 billion), followed by agricultural equipment (-19.23 percent for a value of $270 million), foods (-9.70 percent or $7.35 billion), and semi-finished goods (-3.84 percent or $8.66 billion).

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