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Sunday 25 July 2021
HomeNewsTunisia: food trade balance shows deficit of 859.4 MD in 2020

Tunisia: food trade balance shows deficit of 859.4 MD in 2020

The food trade balance recorded a deficit of 859.4 million dinars in 2020, against a deficit of 1,425.7 MD during 2019, posting a coverage rate of 84.9% in 2020 from 74.9% in 2019, according to data published by ONAGRI Wednesday.

In value, food exports went up 14.1%, while imports fell by 0.6%.

The decrease in the deficit is the result of the increased pace of olive oil exports in value (+65.8%), despite a decline in exports of citrus fruits (-42.6%), seafood products (-13.6%) and dates (-6.1%) on the one hand and a slight increase in imports on the other hand (0.6%).

The country’s overall trade balance deficit in 2020 dropped compared with the previous year, going down 34.4% in 2020 (-12,757.8 MD) compared to 2019 (-19,436.2 MD).

Total imports dropped from 63,291.6 MD in 2019 to 51,463.7 MD in 2020, a decrease of 18.7%. Exports fell by 11.7% from 43,855.4 MD to 38705.9 MD.

Energy and raw materials and semi-finished products together accounted for 45% of the country’s total imports.

Food imports accounted for 11.1% of the overall imports.

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