Algeria's trade deficit stood at $1.436 billion in January 2019, against a deficit of $45 million in January 2018, an increase of $1.39 billion.
The Algerian exports fell to $2.367 billion in January 2019 from $3.835 billion in January 2018, down 38.3 percent, according to the data released by the National Center for Transmission and Customs Information Systems, which indicated that the figures of January 2019 are provisional while the figures of January 2018 are confirmed.
As for the imports, they fell slightly to $3.803 billion in January 2019, compared to $3.880 billion in the same month of 2018, representing a decline of 98.1 percent. The ratio of export coverage to imports in January was 62 percent compared to 99 percent in January 2018.
Oil exports fell to $2.14 billion from $3.58 billion in January 2018, a decrease of $1.44 billion (-40 percent). The non-hydrocarbon exports, which remain marginal at only 9.7 percent of total exports, also fell to $229 million in January 2019, from $250 million in January 2018 (-8.4 percent).
Source: (Algeria News Agency, Edited)
