Algeria has suffered incredible trade deficit losses in the first half of 2017.
Whereas in 2016 the deficit was recorded at $12.33 billion, the same time of year in 2017 has yielded a trade deficit of $7.32 billion, according to the National Center for Information and Statistics.
Exports, however, have increased from $19.41 billion in 2016 to $23.51 billion at the same time in 2017. Imports have declined from $35.6 billion to $30.8 billion.
Fuel sales abroad have been 94.7 percent of the total volume of exports, allowing this year’s numbers to rise to $22.27 billion compared to last year’s $18.4 billion.
Additionally, import financing was provided for the $30.8 billion of imported materials during the first two-thirds of 2017, with the other $18.7 billion being paid in cash.
