Algeria posts trade deficit

22 July 2015

North African nation records low earnings amid oil price slump

  • Algeria records trade deficit of $7.8bn in first half
  • Oil and gas exports dropped 43.7 per cent year-on-year

Algeria has swung into a trade deficit of $7.8bn for the first half of 2015, after recording a trade surplus of $3.2bn in the same period in 2014.

The deficit comes amid declining earnings from oil and gas, according to data that was released on 21 July.

Oil and gas exports dropped 43.7 per cent year-on-year to $18bn in the January-to-June period, according to the country’s customs authority.

Hydrocarbons account for more than 90 per cent of Algeria’s total exports.

Stay informed with the latest in the Middle East
Download the MEED app today, available on Apple and Android devices

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications