Tunisia’s Trade Deficit Soars 21%

Tunisia’s Trade Deficit Soars 21%

Latest figures from the National Institute for Statistics shows that Tunisia’s trade deficit went 21 per cent on a year on year basis during the first ten months of 2018 to reach TND15.98 billion ($5.52 billion) against TND11.5 billion during the same period in 2017.

According to figures published on November 8, 2018, between January 1 and October 30, 2018, the country’s exports reached TND33.2 billion against TND27.6 billion by the same period a year earlier, representing a 17.4 per cent rise.

Imports were TND49.2 billion during the period under review against TND40.8 billion on a year on year basis, representing a 21 per cent increase.

The coverage of imports by exports slightly dropped by 0.2 point on a year on year basis to stand at 67.5 per cent.

The North African country largest deficits were recorded with China (TND4.48 billion), Italy (TND2.4 billion) Turkey (TND1.8 billion), Algeria (TND1.18 billion) and Russia (TND1.18 billion).

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