Arab Today, arab today slight drop of algeria exports in q1 2013
Last Updated : GMT 03:39:22
Arab Today, arab today
Arab Today, arab today

Slight drop of Algeria exports in Q1 2013

Arab Today, arab today

Arab Today, arab today Slight drop of Algeria exports in Q1 2013

Algiers - APS

Algeria’s exports reached US$20.30 billion during the first quarter of 2013 against US$20.72 in the same period of 2012, down by 2.04%, said Algerian Customs.Imports totaled US$ 12.67 during the first three months of 2013 against US$10.66 in the same period of 2012, up 18.85%, said statistics provided by Customs on the sidelines of the 6th National Customs Executives Conference.These results are due to a surplus in trade balance to nearly US$7.63 billion against US$10.06, down over than 24%. Thus export-import ratio moved from 194% to 160% during the same period of reference.This fall in exports is due to a drop of more than 3% of hydrocarbon exports, of 28.4% of raw materials and more than 26% of industrial equipment, said the source.Raw materials and industrial equipment represented only 0.16% and 0.03% of the total structure of Algerian exports during 2013’s first quarter.

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