Tunisia's trade deficit continues to narrow in 2023, an indicator that provides the government with breathing space and impetus to boost exports for the remainder of the year, further supporting the country's monetary reserves.
According to foreign trade data reported by the State Statistical Institute, the difference between exports and imports during the first eight months of this year narrowed by 28 percent year-on-year. According to official figures, the foreign trade deficit at the end of August was 12.19 billion dinars ($3.93 billion), compared to $2.5 billion during the same period last year.
The narrowing of the trade deficit is driven by export growth of 10.1 percent year-on-year to $13.1 billion, while imports fell 1.8 percent year-on-year to $17 billion.
Source (Al-Arab Newspaper of London, Edited)
