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Tunisia: trade deficit widens 18% to 12 billion dinars at end of September

Tunisia’s trade balance deficit has widened by 18% over the first nine months of the current year, the National Institute of Statistics (INS) announced Tuesday.

The worsening is the result of the acceleration of the growth rate of both imports and exports. Indeed, at the end of last September, exports saw a rise of 22% (compared to a decline of 16.6% in 2020) to reach 33.6 billion dinars, compared to 27.5 billion at the end of September last year.

Similar to imports, exports are growing at a faster pace.

Imports went up 21% (against a decrease of 21.3% in 2020) to 45.6 billion dinars, against 37.7 billion during the same period last year.

“As a result of this development, the trade balance deficit reached 12 billion dinars at the end of September, against 10.1 billion during the nine months of 2020 and 14.9 billion at the end of September 2019. The coverage rate has, however, gained 0.6 points compared to last year to 73.7%.

In addition, the general scheme shows a negative balance of 21.3 billion dinars the offshore scheme shows a surplus balance of 9.3 billion dinars.

By product group, the food balance deficit amounts to 1.5 billion dinars, the raw materials balance is 4.1 billion dinars, the energy balance reaches 3.3 billion dinars.

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