ALGIERS- Algeria’s trade deficit dropped to 6.17 billion dollars in the first seven months of 2017 against a deficit of 10.61 billion dollars over the same period of 2016, a decline of 4.44 billion dollars, corresponding to a 42% downfall in deficit, Customs told APS.
Exports increased significantly, reaching 20.71 billion dollars in the first seven months of 2017 against 16.55 billion dollars over the same period of 2016 (+25.06%) according to the figures provided by the Algerian Customs’ National Centre of Data Processing and Statistics (CNIS).
Concerning imports, they recorded a slight decrease, amounting to 26.87 billion dollars against 27.17 billion dollars (-1.08%) , said the source.
As for the coverage rate of imports by exports, it went from 77% against 61% in the same period of the previous year.
Hydrocarbons continue to represent the bulk of Algerian sales abroad (94.71% of the total volume of exports) reaching 19.61 billion dollars against 15.53 billion dollars over the same period of 2016, which is an increase of 26.25%.
Non-hydrocarbon exports are made up of semi-finished products with 786 million dollars (against 782 million dollars), foodstuffs with 219 million dollars (against USD159 million), raw materials with 40 million dollars (against USD45 million), industrial capital goods with 40 million dollars (against USD29 million) and the exports of non-food consumer goods with 11 million dollars (against USD10 million).
Italy, China preserve status of first partners
Algeria’s first five clients during the seven first months of 2017 were Italy, with 3.5 billion dollars (16.9% of Algeria’s total exports), followed by France with 2.60 billion dollars (12.55%), Spain with 2.32 billion dollars (11.23%) , United States with 2.09 billion dollars (10.11%) and Brazil with 1.39 billion dollars (6.74%).
As for Algeria’s main suppliers, China tops the list with 5.21 billion dollars (19.40% of Algeria’s total imports), followed by France with 2.35 billion dollars (8.77%), Italy with 1.98 billion dollars (7.37%), Germany with 1.84 billion dollars (6.85%) and Spain with 1.75 billion dollars (6.53%).