Algeria’s Trade Deficit Cut in Half

published:21/06/2017 07:15 GMT

Algeria’s trade balance registered a deficit of US$3.97 billion from January to May, against US$8.71 billion in the same period of last year, a drop of 54.4%, according to data made public by the National Centre of Data Processing and Statistics (CNIS, in the French acronym) and published by news outlet Algérie Presse Service (APS). Exports totaled US$15.7 billion in the first five months of 2017, an increase of 41% over the same period of 2016, while imports declined 0.98% to US$19.67 billion...More