(Ecofin Agency) - Algeria’s trade deficit reached $1.37 billion in Q1, 2019, according to figures published by the national institute for statistics CNIS. In Q1, 2018, this figure was $1.23 billion.

Between January 1 and March 31, 2019, the country’s exports dropped by 2.38% to reach $9.78 billion, down from $10.02 billion in Q1, 2018.

During the period under review, imports dropped by 0.83% to $11.15 billion, down from the $11.25 billion reached in Q1, 2018.

The foreign trade coverage ratio was 88% during the first three months, down from 89% during the same period last year.