Algeria Records Over 21 Billion Dollars Of Trade Surplus In 10 Months

The first ten months of the current year, Algeria has recorded a surplus of 21.43 billion dollars against 14.50 billion dollars over the same period in 2010, announced Monday the Algerian customs.
The first ten months of the current year, Algeria has recorded a surplus of 21.43 billion dollars against 14.50 billion dollars over the same period in 2010, announced Monday by the Algerian customs.

Exports reached 60.59 billion dollars against 47.82 billion for the same period, an increase of nearly 27%, according to provisional figures from the National Center for Informatics and Statistics of Algerian Customs (CNIS).

For imports, they were established at $ 39.16 billion against $ 33.31 billion during the same period in 2010, showing an increase of 17.54 percent. For the CNIS, these figures are explained by the increase of over 26% of exports of oil and the proper maintenance of oil prices during the period of the year.

Note that hydrocarbons retain much of the share with 97.21%, or 58.90 billion during the first ten months of 2011. The non-hydrocarbon exports totalled 1.69 billion dollars for the same period, i.e. 2.79% of the total volume of exports, including semi-products and foodstuffs.

Source: Ennaharonline

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