Economy

Tunisia-Trade deficit declines sharply

The effects of Tunisia’s foreign trade at prevailing prices in January 2020, show exports declined by 4.2% versus +21.9% during January 2019 and the trade deficit was approximately split, reports the African Manager.

Foreign sales equalled 3,655.6 MD in contrast to 815.5 MD in January 2019. Furthermore, imports registered a 14.1% reduction against +24.1% in January 2019.

The trade deficit is diminished to the level of 970.5 MD against 1,568.3 MD in January 2019.

The coverage rate also grew 8.1 points as opposed to January 2019 to settle at the corresponding rates of 79% and 70.9%.
The trade balance is in deficit of 970.5 MD following the deficit recorded with some countries such as China (-506.3 MD), Turkey (-194.7 MD), Algeria (-158.2 MD) and Russia (-63.1 MD).

On the other hand, the trade balance recorded a surplus with other countries, mainly France (362.9 MD), Italy (36.5 MD), Libya (78.2 MD) and Morocco (31.2 MD

R

Leave a Comment

Recent Posts

Borrell: EU members to recognize Palestinian state in May

European Union High Representative for Foreign Affairs and Security Policy Josep Borrell disclosed on Monday…

26 minutes ago

Tunisia-Mustafa Abdel Kabir expects Ras Jedir crossing border to reopen next Wednesday or Thursday [video]

Speaking to Tunisie Numérique, head of the Tunisian Observatory for Rights and Liberties, Mustafa Abdel Kabir, shed…

28 minutes ago

Spain: Sánchez decides not to resign in face of accusations against his wife

Finally, Pedro Sánchez, the Spanish Prime Minister, declared that he will continue in office despite…

1 heure ago

Tunisia-Hydroponics, one of the solutions to deal with water stress [Declaration]

The agricultural sector in Tunisia consumes 80% of water resources at a time when the…

3 heures ago

What is happening in Sfax: Hit and run between security forces and sub-Saharan Africans!

MP  Fatima Masadi confirmed that the security units in Sfax have been conducting a security campaign since dawn…

3 heures ago

Scotland’s Humza Yousaf expected to resign as first minister

Scotland's First Minister Humza Yousaf  confirmed on Monday that he will be resigning. Speaking at a…

4 heures ago

This website uses cookies.