Algeria’s trade deficit reached $17.2 billion over the first 11 months of 2016 against $15.39 billion over the same period in 2015, shows data released on December 20 by the National Centre for Customs’ Statistics and IT (CNIS in French).
Between January 1 and November 30, 3016, exports stood at $25.58 billion, against $32.06 billion in 2015, over the same period, thus 20.22% less. Imports for their part slumped more significantly, by 9.58%, from $47.45 billion to $42.78 billion.
Exports which comprise 93.97% oil and gas have thus covered imports at a rate of 60% over the first 11 months of the year, against 68% in 2015.
Over the period of study in 2016, Algeria’s five leading customers were Italy ($4.41 billion), Spain ($3.24 billion), France ($2.95 billion), the USA, ($2.79 billion), and Canada ($1.25 billion). China remains Algiers’s main supplier with $7.7 billion followed by France ($4.37bn), Italy ($4.76bn), Spain ($3.29bn) and Germany ($2.7bn).
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Ghana plans to shift 16,000 public services online through the Ghana.gov platform by end-2025• The updated portal will be fully linked to the national...
• Ghana has approved the commercial viability of the Akoma-1X gas well in the Cape Three Points offshore block• The move comes as gas demand rises, with...
• President Ramaphosa criticizes the U.S. tariff as based on a disputed trade imbalance.• South Africa says most U.S. goods enter its market duty-free and...
• The U.S. imposed a 20% tariff on cashew exports from Vietnam and a 40% tax on suspected transshipments.• Vietnam supplies 90% of U.S. cashew imports and...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...