2023-09-19 10:48:18
The monthly trade deficit narrowed during the month of August 2023 to reach 1,249.1 million dinars, compared to 1,391.9 million dinars in July 2023, indicates the National Institute of Statistics (INS) in a note published Tuesday. The coverage rate of imports by exports in August increased by 2.4 points to reach 81.3%, adds the Institute in its note devoted to foreign trade at current prices for the month of August 2023. According to According to the INS, trade was marked, during August 2023, by a recovery in exports (+ 4.3%). This recovery was driven by several sectors which contributed positively to this increase, in particular the transport sector. ‘energy. The latter recorded the strongest growth with an increase of 79.3%, mainly driven by crude oil exports to Italy. Secondly, exports from the mining, phosphates and derivatives sectors increased significantly by 37.5%, particularly to the United States. In addition, exports of various manufacturing industries are up 12.5%, and those of agricultural and agri-food industries increased by 3.9%. However, for the third consecutive month, the textile, clothing and leather sectors maintained their downward trend, recording a decline of 12.1% in August. Exports to the EU still falling
In terms of geographic distribution, exports to the European Union recorded a third consecutive decline, with a rate of -3%. This decrease is explained by the declines observed with France (-4.3%), Malta (-94.6%) and the Netherlands (-1.7%). Furthermore, exports of the mechanical and electrical industries remain almost stable (-0.4%), the result of an increase in the electrical industries (+4.2%) and a decrease for the mechanical industries (-8%). ). In addition, increases were recorded with Belgium (+11.4%), Italy (+9.2%) and Germany (+2%). Outside the EU, after a drop in July, exports rebounded by 22.1%, notably to Switzerland (+400%), mainly in petroleum products, Bangladesh (3,578.5%), exclusively of phosphate, and the Maghreb countries (+21%), as well as an increase of 21.2% to the United States.
Concerning imports, they recorded a slight increase of 1.2% after a notable increase of 11.6% observed during the previous month. This relatively weak development is the result of contrasting movements at the level of product groups. Indeed, capital goods recorded an increase of 4.7%, and consumer goods saw a slight increase of 1.1%. Increase in Turkish and Chinese imports On the other hand, imports of raw materials fell by 5.7%, mainly due to the decline in imports of ferrous products, while imports of food products fell by 5.8%, continuing their downward trend for the third consecutive month. Excluding energy products, imports fell by 1.7%, knowing that energy products experienced an increase of 17.7%, mainly explained by purchases of Algerian gas and Russian diesel. Imports from the EU fell by 4.4%, notably from Italy (-26.8%), France (-11.3%), and Germany (-8.7%). ). However, increases were recorded from Belgium (+16.9%), Sweden (+22.4%), and Portugal (+13.8%). Outside the EU, imports were up 5.5%, particularly from Algeria (+58.9%), Switzerland (+43%), and the United Kingdom (+21%). .8%). Imports from Turkey increased by 9.6%, while those from China grew by 5.7%. However, imports from the United States recorded a marked decline (-42.1%).
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