ALGIERS- Algeria's trade deficit amounted to $4.11 billion over the first ten months of 2018, against a deficit of $9.95 billion in the same period of 2017, down by $5.83 billion, or 58.65%, the Algerian Customs told APS.
Between January and late October 2018, exports increased to $34.126 billion against $28.424 billion during the same period 2017, up by $5.7 billion (+20.06%), mainly driven by the recovery of oil prices reaching $71 the barrel against $50 in 2017.
The Algerian imports have slightly dropped by -0.35% from $38.240 billion against $38.374 billion during the period of 2017, said the Customs’ National Centre of Transmissions and Information System (Cntsid).
The exports coverage of imports was 89% against 74% during the same period of last year.
Hydrocarbons still represent the bulk of Algeria’s sales abroad (93.17% of the total value of exports) , amounting to $31.795 billion against $26.896 billion, up $4.9 billion (+18.21%).
The minus-hydrocarbon exports remain marginal, making up 6.83% of the total value of exports, i.e. $2.33 billion even if they increased by 52.55% compared to the same period of reference in 2017.
The non-hydrocarbon exports were composed of semi-finished products with US$ 1.846 billion compared to US$ 1.083 billion (+70.45%), food products worth US $ 301 million, compared to US $303 million (-0.66%), gross products with $81 million vs. $59 million (+37.3%), industrial capital goods with $75 million vs. $66 million (+13.64%), non-food consumer goods with $28 million vs. $17 million (+ 64.71%) and agricultural capital goods with $0.29 million against $0.16 million (+ 81%).
==Increase in food import bill, decrease in fuel imports==
Regarding imports, the bill for energy products and lubricants (including fuels) has significantly reduced to $879 million in the first ten months of 2018 against $1.611 billion in the same period of 2017, down $732 million (-45.44%), added the Customs.
The imports of agricultural and industrial equipment goods as well as semi-finished products also experienced a downward trend.
Thus, the bill of the agricultural equipment goods import stood at $470 million against $511 million (-8.02%).
The industrial equipment goods were imported for US $ 11.05 billion against US $ 11.75 billion (-6%).
The imports of semi-finished products fell to $8.986 billion against $9.089 billion (-1.13%).
However, the imports of food products, gross products and non-food consumer goods increased. The bill of food products stood at $7.252 billion against $7.122 billion (+1.83%). The imports of gross products hit $1.59 billion against $1.22 million (+29.88%).
The non-food consumer goods were imported for $8.01 billion against $7.06 billion (+13.40%).
=Italy still top customer, China largest supplier =
Italy has maintained its position as Algeria’s top client.
The five main client of Algeria are Italy $4.88 billion (14.31% of Algeria’s total exports), followed by Spain with $4.08 billion (12%), France with $3.89 billion (11.4%), the United States with $3.27 billion (9.6%) and Great Britain with $2.37 billion (7%).
Concerning Algeria’s main suppliers, China kept the first spot with $6.41 billion (16.76% of the Algerian total imports), followed by France with $3.86 billion (10.11%), Italy with $3.06 billion (8%), Spain with $2.95 billion (7.7%) and Germany with $2.62 billion (6.85%).