27.9 C
Tunisia
Wednesday 23 June 2021
HomeNewsTunisia sees historic drop in external trade in April

Tunisia sees historic drop in external trade in April

The results of Tunisia’s foreign trade at current prices in April 2020 show a 48.9% decline in exports compared to the same month of the past year (-29.5% in March), which is the strongest contraction in recent economic history, according to data published by the National Institute of Statistics (INS).

In value, Tunisia’s exports amounted to 2 billion dinars, against 3.9 billion in April 2019.

This decrease mainly affected the off-shore sectors, namely the textile, clothing and leather sector and the mechanical and electrical industries sector whose exports have fallen by 83.5% and 62.1%, respectively.

Similarly, the agriculture and agri-food industries sector posted a decline of 10.6%.

On the other hand, exports from the energy sector recorded a strong increase (+152.4%), explained in part by the regularization of late customs declarations relating to March (around 34% of the value), while exports from the mining, phosphates and derivatives sector grew by only 2.5%.

As for imports, they also saw an exceptional fall of 46.8% in April compared to the same month of the year 2019 (-27.4% in March) to 3.3 billion dinars, against 6.3 billion in April last year.

This decrease is mainly due to the strong contraction observed in the energy sector (-67.8%), capital goods (-53.4%), raw materials and semi-finished products (-42.3%), consumer goods (-48.9%) as well as mining and phosphate products (-37%).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS