(Ecofin Agency) - Over the first seven months of 2017, Algeria’s trade deficit has slumped 42%. Indeed, the value which stood at $10.61 billion a year earlier, over the same period, fell to $6.17 billion.

The country’s customs office believe the decrease is due to exports rising, by 25.6%, to $20.71 billion (against $16.55 billion in 2016), while imports decreased slighted (-1.08%).

Concerning State revenues, Tunisia still gets most of them from oil (94.71% of exports earnings or $19.61 billion). This is despite non-oil revenues rising slightly (+6.93%) to $1.09 billion, driving total exports revenues up 5.29% compared to the previous year.

When it comes to imports, China remains Algeria’s number one supplier totaling 19.4% of the country’s imports over the period reviewed. After the Middle Kingdom comes France (8.77% of Algeria’s imports), Italy (7.37%), Germany (6.85%) and Spain (6.53%). As for exports, Italy is Algeria’s main export destination (16.9% of exports), followed by France (12.55%), Spain (11.23%), U.S (10.11%) and Brazil (6.74%).

Aaron Akinocho