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.
Source: Algeria’s trade deficit at over $15 billion in first nine months
