The Algerian trade balance deficit recorded a significant decrease, as a result of the government's policy of tightening the belt and curbing imports by freezing the import of hundreds of goods and services.
According to the figures issued by the Algerian Ministry of Finance, the trade deficit decreased by 87.89% during the first eight months of 2021, with a deficit of $926 million until the end of last August, compared to a deficit of $7.6 billion at the end of August of last year.
This decline is due to the significant increase in overall exports of goods, which rose from $15.1 billion to $23.7 billion between August 2020 and 2021, of which $2.9 billion came from non-oil exports. Algeria's exports from outside the hydrocarbon sector recorded a relatively large jump in the first five months of 2021, compared to the same period last year. Exports, excluding hydrocarbons, amounted to 1.55 billion dollars, up from 852 million dollars during the same period last year, representing an increase of 81.8 percent, or 11.13 percent of the total Algerian exports.
Source (The New Arab Newspaper, Edited)
