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