Algerias trade deficit continues to widen
23 de maio de 2016
Algiers – Algeria’s trade deficit continues to widen. In the first four months of this year, it stood at USD 7.632 billion, up 35.7% from Jan-Apr 2015, according to the Algerian National Office of Statistics (CNIS in the French acronym).
In Jan-Apr, Algeria exported USD 7.545 billion worth of goods, down 38.4% from a year ago. Imports also dropped, albeit less sharply, by 15.06% to USD 15.177 billion.
Hydrocarbons (oil, gas and their products) comprise the bulk of Algeria’s exports, at 92.8%. Their exports amounted to slightly over USD 7 billion, a 39.31% drop over Jan-Apr 2015. Exports of other goods fell 23.1%.
With imports, purchases of all the groups of products declined.
The five main destinations for Algerian exports from January to April were Italy, Spain, France, Canada and Turkey. The main suppliers of Algeria in the same period were China, France, Italy, Spain and Germany.
Brazil imported USD 497.8 million from Algeria in the first four months of 2016, a drop of 31.4% over the same period of last year, according to data from the Brazilian government’s Secretariat of Foreign Trade (Secex). The main items traded were naphtha, crude oil, liquefied propane and urea.
On the other hand, Brazilian exports to Algeria totaled USD 316.5 million, an increase of 9.38% in comparison to the period from January to April of 2015. The main products shipped were sugar, maize, beef, soybean oil and peanuts.
*Translated by Gabriel Pomerancblum and Sérgio Kakitani