Algeria’s trade surplus shrinks 21.5% y/y to USD 2.59bn in Feb 2013

By bne IntelliNews April 11, 2013

Algeria’s trade surplus shrank by 21.5% y/y to USD 2.59bn in February 2013 as imports grew while exports declined, the statistics office Centre Natioanl de l’Informatique et des Statistiques (CNIS) said in a monthly bulletin. Imports expanded by 17.91% y/y to USD 3.65bn, while exports contracted by 2.32% y/y to USD 6.25bn in February.

Higher imports came on the back of a 25% y/y jump in food products to USD 690mn, a 23% increase in production inputs to USD 1,17bn and a 18% rise in non-food consumer goods to USD 715mn. The drop in exports was mainly due to lower hydrocarbon exports down by 3.9% y/y to USD 6.05bn, while Algeria’s non-oil exports put on a 105% jump in February to USD 197mn.

Algeria’s top customer in February 2013 was Italy taking up USD 1.07bn of exports, followed by Spain (USD 1.02bn), France (USD 690mn), the Great Britain (USD 621mn) and the Netherlands (USD 435mn). On the other hand, China was lead importer to Algeria with USD 499mn in imports, followed by France (USD 442mn) and Spain (USD 356mn).

 

Related Articles

Turkey dismisses idea of closing Qatar military base despite Arab nations' demands

Turkey is not at all considering the closure of its military base in Qatar despite the demand for its immediate termination ... more

Russia issues warning after US downs Syrian jet

Russia has warned the US-led coalition in Syria that its aircraft will be regarded as targets after the US shot down a Syrian military aircraft on June 18. “Any aircraft, including the ... more

Turkey's Erdogan slams Qatar blockade as “inhumane”

Turkish President Recep Tayyip Erdogan has criticised the isolation of Qatar by its Gulf neighbours as “inhumane and against Islamic values”. “It is as if a death sentence has been passed on ... more

Dismiss