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FINANCIAL NEWS
Tunisia’s trade deficit more than doubled in January
20 Feb 2017
(MENAFN) According to the foreign trade results published by the National Statistics Institute (INS), Tunisia’s trade deficit is more than doubled to 1,112.8 million dinars in January 2017 due to sharp increase in the energy balance (-309.2 MD against -24.2 MD in January 2016), which represents 25.3% of the overall deficit.
This deficit caused a loss of more than 15 points in the import coverage rate by exports, which stood at 64.8% against 80.2%, dropping by 15.4 points.
Also, it is explained by the increase in imports by 35.6% to 3,474.8 MD, at a faster rate than that of exports, while imports increased in all sectors including energy, as imports edged up 277.9% compared to January 2016.
In addition to this, imports of agricultural and basic food products rose by 75.1% due to higher imports of soft wheat.
MENAFN2002201700450000ID1095256112
MENAFN2002201700450000ID1095256112
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