Over the first 11 months of 2022, compared to the same period of 2021
Tunisia’s trade deficit worsened by 58.8%, to $7.34 billion, over the first eleven months of the year, compared to the same period of 2021.
According to data from the National Institute of Statistics (INS, governmental), made public on Tuesday, and consulted by the correspondent of the Anadolu Agency, “the trade balance stands at 23,281.1 MD (i.e. 7.34 billion dollars) against 14,653.8 MD (i.e. 4.6 billion dollars) during the first eleven months of the year 2021”, with an increase of 58.8%.
The deficit in the trade balance of goods is due to the deficit recorded with certain countries such as China with 7.940 billion dinars (i.e. 2.5 billion dollars), Turkey with 3.691 billion dinars (i.e. 1.16 billion dollars), Algeria with 3.265 billion dinars (or 1.02 billion dollars), Russia with 2.571 billion dinars (or 811 million dollars), Italy with 2.249 billion dinars (or 709 million dollars) and Spain with 735 million dinars (231 million dollars).
Of the total trade deficit, the energy sector deficit amounted to 39.5%, with 9.195 billion dinars (i.e. 2.9 billion dollars), against 4.517 billion dinars (i.e. 1.42 billion dollars) in the first 11 months of 2021.
Last November, inflation in Tunisia jumped to 9.8%, given the fluctuation in the availability of basic products at the local level, and the rise in their prices at the global level, according to the INS.
Tunisia is going through a serious economic crisis, exacerbated by the repercussions of the coronavirus pandemic and the high cost of energy and basic product imports, against the backdrop of the Russian-Ukrainian war, which has been going on since February 24.
