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Wednesday 16 June 2021
HomeNewsTunisia: trade deficit slightly drops (8 months 2016)

Tunisia: trade deficit slightly drops (8 months 2016)

Tunisia’s trade deficit has dipped slightly from 8,599.4 million Tunisian dinars (MTD) in 2015 to 8,253.5 MTD in the first eight months of 2016, with a small upturn in exports 1.2%, to 18,570.9 MTD and a decrease in imports by 0.5%, to 26,824.4 MTD, according to latest statistics from the National Institute of statistics (INS).

The export – import coverage ratio has improved 1.1 points to 69.2% in 2016.

The increase in exports in the first eight months of 2016 is due to improved exports of phosphate and its derivatives which went up 79.5% thanks to rising exports of phosphoric acid.

This is the same for the exports of mechanical and electrical industries and textile and clothing that grew 13.8% and 6.9%, respectively.

In contrast, exports of agricultural and food products fell by 34%, following the drop in olive oil revenue (541.9 MTD) and falling energy exports (-46.6 %).

The decrease in imports is due to the sharp decline in the energy sector purchases by 30.3%, following the drop in crude oil purchases and the decrease in imports of agricultural products especially durum.

However, imports of raw materials, phosphate, semi-manufactured goods and consumer products

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