The Algerian trade balance deficit reached 1.23 billion dollars during the two months of 2020, compared to 686.51 million dollars during the same period in 2019, registering an increase of 79.16 percent.
According to the data issued by the Directorate of Studies and Supervision of the Customs, the value of Algerian exports amounted to $4.9 billion during January and February of this year, compared to $6,795 billion during the same period of 2019, registering a decrease of 27.89 percent. As for imports, their total cost was 6,129 billion dollars, compared to 7,481 billion dollars, which contracted by 18.07 percent. Hydrocarbons formed the most important exports abroad during the first two months of 2020, as they represented 93.08 percent of exports, amounting to 4.56 billion dollars, compared to 6.35 billion dollars, registering a decrease of 28.17 percent. On the other hand, the value of non-hydrocarbon exports amounted to 240.59 million dollars (compared to 331.57 million dollars), declining by 27.44 percent, and food exports amounted to 71.66 million dollars (compared to 67.27 million dollars), an increase of 6.53 percent and the value of industrial equipment amounted to 10.06 million dollars (compared to 23.75 million dollars), a decrease of 57.67 percent.
Source (Algeria News Agency, Edited)
