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Tunisia: exports decline, trade deficit widens

Tunisia’s trade deficit reached 1,568.3 million dinars in January 2019, compared to 1,211.7 million dinars (one dinar worth 0.32 dollars) during the same period the previous year, according to the report of National Institute of Statistics (INS) of Tunisia.

According to the INS, the recorded trade deficit of is mainly due to the deficit recorded with certain countries such as Turkey (250 million dinars), Algeria (168.2 million dinars), Russia (155.2 million dinars) and Italy (95.44 million dinars).

On the other hand, the balance sheet is positive with other countries like France with an exchange envelope of about 319.5 million dinars and Libya with 88.2 million dinars and Morocco with 39.1 million dinars.

Excluding energy, the trade deficit fell to 1101.4 million dinars, while the trade deficit of the energy sector increased to 466.9 million dinars (29.8% of the total deficit), against 353.7 million dinars in the second month of 2018.

According to the figures of the INS, the month of January 2019 has an ascending pace of exports with growth of 21.9%, against 38.9% for the month of January 2018.

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