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HomeNewsTunisia: monthly trade deficit narrows to 1345.9 MD in November 2021

Tunisia: monthly trade deficit narrows to 1345.9 MD in November 2021

The monthly trade deficit narrowed to 1,345.9 million dinars (MD) in November 2021, against 1556.3 MD in October, the National Institute of Statistics (INS) said in a note published Thursday.

The coverage rate has gained 2.2 points, compared to October 2021, to 74.6%.

This slowing down of the deficit is explained by the fall in overall imports by 6.1%, under the impact of the contraction of supplies of energy products (-44%) and raw materials and semi-finished products (-7.7%).

On the other hand, the acquisitions of capital goods have rebounded by 20.2%. This is the same for purchases of consumer goods which are up 8.8%, followed by imports of food products, up 5.1%, after recording a negative growth the previous month.

Regarding exports, they have decreased by 3.3% in November 2021 to 3947.1 MD, due mainly to lower energy exports (-78%).

On the other hand, increases are recorded in exports in the mines, phosphate and derivatives sector (+51%) of agriculture and food industries (+21.4), various manufacturing industries (8.2%) and mechanical and electrical industries (3.2%).

The note of the INS has highlighted, in addition, a decline in exports to European Union countries by 5.7% including Italy where the decline was most notable (-16.5%).

This is explained mainly by the drop of exports of energy products. On the other hand, sales to Germany have increased by 11.4% due to rising exports of cables and wires.

Exports to the Maghreb countries remain sustained due to a strong rebound to Algeria (+89.8%) explained by the sale of phosphoric acid, likewise with Libya with a leap (+25.6%) mainly from pharmaceutical products.

For their part, imports from the European Union have recorded a decrease by 3.7% with the member countries, particularly France (-13.9%) and Belgium (-47.3%).

However, purchases from China have seen a rebound by 49.7%, following the increase in purchases of marble and copper works.

For the Maghreb countries, the decline is significant with Algeria (-85.6%), explained by the return to normal supplies of gas to Tunisia, after the high level registered last month.

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