Algeria's Imports In Steady Slump: (CNIS Report)
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Algeria’s imports have kept decreasing with a drop of 7.4 percent to 30.06 billion U.S. dollars during the first eight months of 2012, comparing to the same period last year, according to official data
- Algeria’s imports have kept decreasing with a drop of 7.4 percent to 30.06 billion U.S. dollars during the first eight months of 2012, comparing to the same period last year.
- Exports hit 49.8 billion dollars, a 4. 62 percent increase comparing to the same period in 2011, said local media outlets citing a report form the Customs’ National Center for Statistics and Data (CNIS).
- The trade surplus during the first eight months of 2012 hit 19. 73 billion dollars, comparing to 15.1 billion dollars in the same period last year, the source said.
- The improvement of the trade surplus is largely due to a five percent increase in oil exports, amid a steady decreasing trend of imports of foodstuffs, agriculture and industrial equipment, according to the CNIS.
- But Algeria’s non-hydrocarbon exports represent 2.67 percent to 1.32 billion dollars, comparing to 97.33 percent exports of oil and gas, an equivalent of 48.4 billion dollars.
- The OPEC member produces an average of 1.2 million barrel of crude oil per day.
