The energy trade balance deficit increased by 18% to 3,873 MD (taking into account the royalty on exported Algerian gas), at the end of April 2024 compared to the same period of 2023, according to the monthly report on the energy situation, published by the National Energy and Mines Observatory.
Exports of energy products recorded a drop in value of 1% accompanied by an increase in imports in value of 13%.
According to the report, trade in the energy sector is very sensitive to three factors, namely: the quantities exchanged, the dollar/dinar exchange rate ($/DT) and the price of Brent, the reference quality on which the prices of imported and exported crude oil as well as petroleum products are indexed.
In April 2024, Brent prices recorded an increase of $5/bbl compared to April 2023 (90.2 $/bbl during April 2024 compared to 84.9 $/bbl during April 2023 and 85.5$/bbl during the month of March 2024).
During the same period, the Tunisian Dinar recorded a slight deterioration of 1% against the US Dollar, the main currency of exchange for energy products compared to the same period last year.
