Public Management

Algeria’s trade gap reached $1.5bln in Q1 2020, up 26% YoY

Algeria’s trade gap reached $1.5bln in Q1 2020, up 26% YoY
Tuesday, 09 June 2020 17:27

Over the first three months of 2020, Algeria’s trade deficit grew by 26% YoY to $1.5 billion compared with $1.19 billion in Q1 2019. Figures were provided by the Directorate of Customs (DGD).

Export revenues during the period reviewed slid by 24.85% to $7.62 billion, against $10.14 billion in Q1 2019. Hydrocarbons accounted for 92.40% of exports and generated $7.04 billion, down 25.78% compared with the $9.48 billion in Q1 2019. Non-oil revenues reached $578.7 million in Q1 2020, compared with $658.04 million in Q 2019.

Import revenues over the period reached $9.12 billion, down 19.52% compared with the $11.3 billion generated in Q1 2019.

The export/import coverage ratio dropped by 6 points to 83.5% between the two periods. Algeria’s major buyers in Q1 2020 were Italy ($1.17 billion), France ($1bln), Turkey ($705.03 million), Spain ($627.8 million), and China ($417.2 million).

The main suppliers over the period were China ($1.55 billion), France ($951.9 million), Italy ($741.7 million), Spain ($570.3 million), and Germany ($558.7 million).

André Chadrak

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Reforms aim to improve efficiency, attract investment, boost lending Move follows bank recapitalization and push to support real sector Nigeria’s...
Senegal banks’ holdings of government securities rise 123% in 2025 Treasury borrowing drives shift toward longer-term bond issuance Credit to private...
Kenya signs supplementary budget raising spending to 4.69 trillion shillings Funds target security, education, housing, agriculture, health...
Gabon considers agency to strengthen asset recovery efforts Proposal targets illicit financial flows, financial crime enforcement Plan...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.